Exercise 3-22A Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 3-1, 3-2, 3-3, 3-4 [The following information applies to the questions displayed below) At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: Account Balance Cash $ 31,000 Accounts receivable 19, 100 Accounts payable 11,900 Common stock 23,500 Retained earnings 14,700 The following events apply to Oak Consulting for Year 2: 1. Provided $67,400 of services on account. 2. Incurred $2,600 of operating expenses on account 3. Collected $49,900 of accounts receivable. 4. Paid $36,400 cash for salaries expense. 5. Paid $13,050 cash as a partial payment on accounts payable. 6. Paid a $9,100 cash dividend to the stockholders, Exercise 3-22A Part c. Show the beginning balances and the events in a horizontal statements model such as the following one: (In the Cash Flow column, use the initials "OA" for operating activities, "FA" for financing activities and "NC" for net change in cash. Select "NA" wherever required. Enter any decreases to account balance and cash outflows with a minus sign.) of 12 168 Next >