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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

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[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	$	26,400
Accounts receivable		17,000
Accounts payable		11,500
Common stock		19,400
Retained earnings		12,500

The following events apply to Oak Consulting for Year 2:

1. Provided $67,400 of services on account.
2. Incurred $2,900 of operating expenses on account.
3. Collected $47,200 of accounts receivable.
4. Paid $40,000 cash for salaries expense.
5. Paid $12,960 cash as a partial payment on accounts payable.
6. Paid a $9,700 cash dividend to the stockholders.

View transaction list Journal entry worksheet A B D E F > Provided $67,400 of services on account. Note: Enter debits before credits. Event General Journal Debit Credit 1 Prey 1 2 3 ... 6 of 12 Next > View transaction list Journal entry worksheet Incurred $2,900 of operating expenses on account. Note: Enter debits before credits. Event General Journal Debit Credit 2 Prev 1 N 3 6 of 12 Next > LE Journal entry worksheet No journal entry required" in the first account field.) View transaction list Journal entry worksheet A B E F 04 > Paid $40,000 cash for salaries expense. Note: Enter debits before credits. Event General Journal Debit Credit 4 Prev 1 2 3 6 of 12 Next > ... Journal entry worksheet . A B D F > Paid $12,960 cash as a partial payment on accounts payable. Note: Enter debits before credits. Event General Journal Debit Credit 5 U2 3 Prev 1 1 2 6 Next > of 12 Journal entry worksheet