[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 $ 33,800 Accounts receivable Accounts payable Common stock Retained earnings 22,100 13,600 31,100 11,200 The following events apply to Oak Consulting for Year 2: 1. Provided $73,700 of services on account. 2. Incurred $3,000 of operating expenses on account. 3. Collected $47,200 of accounts receivable. 4. Paid $38,600 cash for salaries expense. 5. Paid $14,940 cash as a partial payment on accounts payable. 6. Paid a $9,400 cash dividend to the stockholders. Required Record these transactions in a general journal. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) Answer is complete but not entirely correct. General Journal Debit Credit 73,700 73,700 41,600 x 3,000 38,600 x No Event A 1 Service revenue Retained earnings B 2 Retained earnings Operating expenses Salaries expense C 3 Accounts receivable Retained earnings D 4 E 5 F 6 Salaries expense Retained earnings Accounts payable Retained earnings Retained earnings Dividends > > 47,200 47,200 38,600 38,600 14,940 14,940 9,400 9,400