Saved 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 $31,600 20,600 10,900 28,200 13,100 The following events apply to Oak Consulting for Year 2 1. Provided $66,300 of services on account. 2. Incurred $2,900 of operating expenses on account 3. Collected $48,900 of accounts receivable. 4. Paid $37,300 cash for salaries expense. 5. Paid $12.420 cash as a partial payment on accounts payable. 6. Paid a $8,700 cash dividend to the stockholders. Help Save c. Show the beginning balances and the transactions in a horizontal statements model. (Enter any decreases to account balances and cash outflows with a minus sign. In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Not all cells require input.) 9 < Prev 8 9 10 11 Next >