Question

Exercise 3-22A 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	$	30,400
Accounts receivable		23,500
Accounts payable		12,300
Common stock		30,100
Retained earnings		11,500

 
The following events apply to Oak Consulting for Year 2:
 

1. Provided $65,100 of services on account.

2. Incurred $2,500 of operating expenses on account.

3. Collected $45,500 of accounts receivable.

4. Paid $39,800 cash for salaries expense.

5. Paid $13,320 cash as a partial payment on accounts payable.

6. Paid a $9,300 cash dividend to the stockholders.

Exercise 3-22A Part d

d-1. Record the closing entries in the general journal. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)