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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
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 $67,400 of services on account. 2. Incurred $3,400 of operating expenses on account. 3. Collected $48,000 of accounts receivable. 4. Paid $34,500 cash for salaries expense. 5. Paid $12,150 cash as a partial payment on accounts payable. 6. Paid a $9,100 cash dividend to the stockholders. Provided $67,400 of services on account. Note: Enter debits before credits. Journal entry worksheet Incurred $3,400 of operating expenses on account. Note: Enter debits before credits. Collected $48,000 of accounts receivable. Note: Enter debits before credits. Journal entry worksheet Paid $34,500 cash for salaries expense. Note: Enter debits before credits. Journal entry worksheet Paid $12,150 cash as a partial payment on accounts payable. Note: Enter debits before credits. Journal entry worksheet Paid an $9,100 cash dividend to the stockholders. Note: Enter debits before credits
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