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*please just let me know what I am missing, thank you! Required information Exercise 13-22A Recording events in the general journal, posting to T-accounts, and
*please just let me know what I am missing, thank you!
Required information Exercise 13-22A Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 13-1, 13-2, 13-3, 13-4 [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 Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 27,700 21,700 14,200 22,600 12,600 The following events apply to Oak Consulting for Year 2: 1. Provided $66,100 of services on account. 2. Incurred $3,000 of operating expenses on account. 3. Collected $48,000 of accounts receivable. 4. Paid $30,600 cash for salaries expense. 5. Paid $15,480 cash as a partial payment on accounts payable. 6. Paid a $9,900 cash dividend to the stockholders. Exercise 13-22A Part b b & d. Post the beginning balances and the transactions from Parts a&d to the appropriate accounts. Answer is not complete. Beg. Bal Cash 27,700 48,000 Beg. Bal Accounts Receivable 21,700 66,100 48,000 3. 30,600 4. 15,480 5. 9,9006. End. Bal 19,720 End. Bal 39,800 Accounts Payable 14,200 15,480 3,000 Common Stock 22,600 Beg. Bal Beg. Bal 2. End. Bal 1,720 End. Bal 22,600 Dividends Retained Earnings 12,600 Beg. Bal Beg. Bal 9,900 End. Bal 12,600 Bal 9,900 Service Revenue Operating Expenses Beg. Bal Beg. Bal 66,100 1. 3,000 End. Bal 66,100 End. Bal 3,000 Salaries Expense Beg. Bal 30,600 End. Bal 30,600Step by Step Solution
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