[The following information applies to the questions displayed below.]At the beginning of 2016, Oak Consulting...

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Accounting

[The following information applies to the questions displayed below.]At the beginning of 2016, Oak Consulting had the following normal balances in its accounts:AccountCashBalance $42,000Accounts receivable25,000Accounts payable8,400Common stock24,000Retained earnings 34,600The following events apply to Oak's Consulting for 2016:1. Provided $185,000 of services on account.2. Incurred $45,800 of operating expenses on account.3. Collected $140,000 of accounts receivable.4. Paid $120,000 cash for salaries expense.5. Paid $31,400 cash as a partial payment on accounts payable.6. Paid an $10,000 cash dividend to the stockholders.. Post the beginning balances and the transactions from Parts a&d to the appropriate accounts.
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