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	$	32,200
Accounts receivable		18,800
Accounts payable		11,300
Common stock		28,800
Retained earnings		10,900

The following events apply to Oak Consulting for Year 2:

1. Provided $68,900 of services on account.
2. Incurred $2,800 of operating expenses on account.
3. Collected $50,000 of accounts receivable.
4. Paid $39,300 cash for salaries expense.
5. Paid $12,690 cash as a partial payment on accounts payable.
6. Paid a $8,600 cash dividend to the stockholders.

Exercise 3-22A Part d d-1. Record the closing entries in the general journal. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list EX: A Record the closure of service revenue. B Record the closure of expenses account. c Record the payment of dividends. dit Note : = journal entry has been entered Record entry Clear entry View general journal Exercise 3-22A Parte e. What is the amount of change in retained earnings for the year? Change in retained earnings Exercise 3-22A Part f f. Prepare a post-closing trial balance. OAK CONSULTING Post-Closing Trial Balance As of December 31, Year 2 Account Titles Debit Credit Totals