Required information Exercise 3-22A (Algo) 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 Cash Balance $25,400 21,300 10,900 21, 200 14,600 Accounts receivable Accounts payable Common stock Retained earnings The following events apply to Oak Consulting for Year 2: 1. Provided $72,100 of services on account. 2. Incurred $3,300 of operating expenses on account. 3. Collected $46,800 of accounts receivable. 4. Paid $38,800 cash for salaries expense. 5. Paid $12,780 cash as a partial payment on accounts payable. 6. Paid a $8,200 cash dividend to the stockholders.

Required information Exercise 3-22A (Algo) 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 displayod below.] At the beginning of Year 2, Oak Consulting hd the following normal balances in its accounts. The following events apply to Oak Consulting for Year 2: 1. Provided $72,100 of services on occount. 2 . Incurred $3,300 of operating expenses on account. 3. Collected $46,800 of accounts recelvable. 4. Paid $38,800 cash for salaries expense. 5. Paid $12,780 cash as a partial payment on accounts payable. 6. Paid a $8,200 cash dividend to the stockholders