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 Balance $28,500 22,900 14,400 26,400 10,600 Accounts receivable Accounts payable Common stock Retained earnings The following events apply to Oak Consulting for Year 2: 1. Provided $67,000 of services on account. 2. Incurred $3,100 of operating expenses on account. 3. Collected $45,800 of accounts receivable. 4. Paid $37,300 cash for salaries expense. 5. Paid $15,750 cash as a partial payment on accounts payable. 6. Paid a $8,300 cash dividend to the stockholders. d-1. Record the closing entries in the general journal (and post them to the T-accounts). d-2. What is the amount of net income for the year? Complete this question by entering your answers in the tabs below.

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. The following events apply to Oak Consulting for Year 2: 1. Provided $67,000 of services on account. 2. Incurred $3,100 of operating expenses on account. 3. Collected $45,800 of accounts receivable. 4. Paid $37,300 cash for salaries expense. 5. Paid $15,750 cash as a partial payment on accounts payable. 6. Paid a $8,300 cash dividend to the stockholders. d-1. Record the closing entries in the general journal (and post them to the T-accounts). d-2. What is the amount of net income for the year? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. What is the amount of net income for the year? Journal entry worksheet Record the closing entry for revenues. Note: Enter debits before credits