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At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts:

Account	Balance
Cash	$ 27,300
Accounts receivable	16,300
Accounts payable	13,700
Common stock	16,000
Retained earnings	13,900

The following events apply to Oak Consulting for Year 2:

Provided $67,600 of services on account.

Incurred $2,700 of operating expenses on account.

Collected $47,800 of accounts receivable.

Paid $36,700 cash for salaries expense.

Paid $14,760 cash as a partial payment on accounts payable.

Paid a $8,000 cash dividend to the stockholders.

b & d. Post the beginning balances and the transactions from Parts a and d to the appropriate accounts.

Cash					Accounts Receivable
Debit		Credit			Debit		Credit
Beginning Balance	27,300				Beginning Balance
3.	47,800				1.
Ending Balance	75,100				Ending Balance
Accounts Payable					Common Stock
Debit		Credit			Debit		Credit
Beginning Balance					Beginning Balance
Ending Balance					Ending Balance
Retained Earnings					Dividends
Debit		Credit			Debit		Credit
Beginning Balance					Beginning Balance
Ending Balance					Ending Balance
Service Revenue					Operating Expenses
Debit		Credit			Debit		Credit
Beginning Balance					Beginning Balance
Ending Balance					Ending Balance
Salaries Expense
Debit		Credit
Beginning Balance
Ending Balance