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Required information The following information applies to the questions displaycd below] At the beginning of 2016 , Oak Consulting had the following normal balances in

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Required information The following information applies to the questions displaycd below] At the beginning of 2016 , Oak Consulting had the following normal balances in its accounts: The following events apply to Oak's Consulting for 2016: 1. Provided $185,000 of services on account. 2 Incurred $45,800 of operating expenses on account. 3. Collected $140,000 of accounts receivable. 4. Paid $120,000 cash for salaries expense. 5. Paid $31,400 cash as a partial payment on accounts payable. 6. Paid an $10,000 cash dividend to the stockholders. The following events apply to Oak's Consulting for 2016: 1. Provided $185,000 of services on account. 2 . Incurred $45,800 of operating expenses on account. 3. Collected $140,000 of accounts receivable. 4. Paid $120,000 cash for salaries expense. 5. Paid $31,400 cash as a partial payment on accounts payable. 6 . Paid an $10,000 cash dividend to the stockholders. f. Prepare a post-closing trial balance

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