Required information [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 $ 27,100 16,300 13,500 19,400 10,500 The following events apply to Oak Consulting for Year 2: 1. Provided $73,000 of services on account. 2. Incurred $3,000 of operating expenses on account. 3. Collected $45,100 of accounts receivable. 4. Paid $32,700 cash for salaries expense. 5. Paid $14,850 cash as a partial payment on accounts payable. 6. Paid a $9,400 cash dividend to the stockholders. Journal entry worksheet Record the closure of service revenue. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal d-1. Record the closing entries in the general journal (and post them to the T-accounts in Part b). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the closure of expense accounts. Note: Enter debits before credits. Event General Journal Debit Credit 2 Record entry Clear entry View general journal d-1. Record the closing entries in the general journal (and post them to the T-accounts in Part b). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet