Required information Exercise 3-22A (Algo) Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 3-1, 3-2, 3-3, 3-4 [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 Balance Cash $28, 200 23,900 10,300 31,600 10,200 Accounts receivable Accounts payable Common stock Retained earnings The following events apply to Oak Consulting for Year 2: 1. Provided $65,700 of services on account. 2. Incurred $2,800 of operating expenses on account. 3. Collected $45,300 of accounts receivable. 4. Paid $40,000 cash for salaries expense. 5. Paid $11,790 cash as a partial payment on accounts payable. 6. Paid a $9,700 cash dividend to the stockholders. Exercise 3-22A (Algo) Part a 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.) View transaction list
Required information Exercise 3-22A (Algo) Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 3-1, 3-2, 3-3, 3-4 [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 Balance Cash $28, 200 23,900 10,300 31,600 10,200 Accounts receivable Accounts payable Common stock Retained earnings The following events apply to Oak Consulting for Year 2: 1. Provided $65,700 of services on account. 2. Incurred $2,800 of operating expenses on account. 3. Collected $45,300 of accounts receivable. 4. Paid $40,000 cash for salaries expense. 5. Paid $11,790 cash as a partial payment on accounts payable. 6. Paid a $9,700 cash dividend to the stockholders. Exercise 3-22A (Algo) Part a 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.) View transaction list
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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do not give solution in image
![Required information
Exercise 3-22A (Algo) Recording events in the general journal, posting to T-accounts, and preparing
closing entries LO 3-1, 3-2, 3-3, 3-4
[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
Balance
Cash
$28, 200
23,900
10,300
31,600
10,200
Accounts receivable
Accounts payable
Common stock
Retained earnings
The following events apply to Oak Consulting for Year 2:
1. Provided $65,700 of services on account.
2. Incurred $2,800 of operating expenses on account.
3. Collected $45,300 of accounts receivable.
4. Paid $40,000 cash for salaries expense.
5. Paid $11,790 cash as a partial payment on accounts payable.
6. Paid a $9,700 cash dividend to the stockholders.
Exercise 3-22A (Algo) Part a
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.)
View transaction list](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa2e52792-1c74-4b89-bcf0-9f5d009a3b0a%2F303333df-b003-4fb3-b282-985568e23946%2F8knigxm_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
Exercise 3-22A (Algo) Recording events in the general journal, posting to T-accounts, and preparing
closing entries LO 3-1, 3-2, 3-3, 3-4
[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
Balance
Cash
$28, 200
23,900
10,300
31,600
10,200
Accounts receivable
Accounts payable
Common stock
Retained earnings
The following events apply to Oak Consulting for Year 2:
1. Provided $65,700 of services on account.
2. Incurred $2,800 of operating expenses on account.
3. Collected $45,300 of accounts receivable.
4. Paid $40,000 cash for salaries expense.
5. Paid $11,790 cash as a partial payment on accounts payable.
6. Paid a $9,700 cash dividend to the stockholders.
Exercise 3-22A (Algo) Part a
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.)
View transaction list
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