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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
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 $ 32,200 15,600 13,300 24,000 10,500 The following events apply to Oak Consulting for Year 2: 1. Provided $74,200 of services on account. 2. Incurred $2,900 of operating expenses on account. 3. Collected $49,600 of accounts receivable. 4. Paid $37,800 cash for salaries expense. 5. Paid $14,580 cash as a partial payment on accounts payable. 6. Paid a $9,000 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. Cash Accounts Receivable Beg. Bal Beg. Bal 2. 3. End. Bal 4. 5. ccounts Payable Common Stock 6. Beg. Bal End. Bal End. Bal Retained Earnings Dividends Beg. Bal Beg. Bal End. Bal Bal Service Revenue Operating Expenses Beg Bal Beg. Bal End. Bal End. Bal Salaries Expense Beg. Bal End. Bal
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