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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 $73,900 of services on account. 2. Incurred $2,700 of operating expenses on account 3. Collected $47,600 of eccounts receivable. 4. Paid \$35,200 cash for solaries expense. 5. Paid $14,940 cash as a partial payment on accounts payable. 6. Paid a $9,700 cash dividend to the stockholders. d-1. Record the closingrentries in the general joumal (and post them to the T-accounts). d-2. Whot is the amount of net income for the year? Record the closing entry for revenues. B Record the closing entry for expenses. Record the closing entry for dividends. 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. What is the amount of net income for the year
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