Requirement:
Cash | |||
Beg.bal | $ 42,000 | 4 | $ 120,000 |
3 | $ 140,000 | 5 | $ 31,400 |
6 | $ 10,000 | ||
End.bal | $ 20,600 | ||
Accounts payable | |||
5 | $ 31,400 | Beg.bal | $ 8,400 |
2 | $ 45,800 | ||
End.bal | $ 22,800 | ||
Accounts receivable | |||
Beg.Bal | $ 25,000 | 3 | $ 140,000 |
1 | $ 185,000 | ||
End.bal | $ 70,000 | ||
Operating expenses | |||
2 | $ 45,800 | ||
End.bal | $ 45,800 | ||
Retained earnings | |||
Beg.bal | $ 34,600 | ||
End.bal | $ 34,600 | ||
Common stock | |||
Beg.bal | $ 24,000 | ||
End.bal | $ 24,000 | ||
Service revenue | |||
1 | $ 185,000 | ||
End.bal | $ 185,000 | ||
Salaries expense | |||
4 | $ 120,000 | ||
End.bal | $ 120,000 | ||
Dividend | |||
6 | $ 10,000 | ||
End bal | $ 10,000 |
Required information Exercise 3-22A Recording events in the general journal, posting to T-accounts, and preparing closing...
Required information 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 Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 42,000 25,000 8,400 24,000 34,600 The following events apply to Oak Consulting for Year 2: 1. Provided $185,000 of services on...
Required information 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 Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 42,000 25,000 8,400 24,000 34,600 The following events apply to Oak Consulting for Year 2: 1. Provided $185,000 of services on...
Required information 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 Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 34,900 15,600 10,500 28,100 11,900 The following events apply to Oak Consulting for Year 2: 1. Provided $66,100 of services on...
Required information 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 $ 27,300 Accounts receivable 19,600 Accounts payable 12,800 Common stock 23,700 Retained earnings 10,400 The following events apply to Oak Consulting for Year 2: 1. Provided $67,700 of services on...
Required information 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 $ 34,900 Accounts receivable 15,600 Accounts payable 10,500 Common stock 28,100 Retained earnings 11,900 The following events apply to Oak Consulting for Year 2: Provided $66,100 of services on account....
Required information 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 Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 26,600 18,700 12,900 18,400 14,000 The following events apply to Oak Consulting for Year 2: 1. Provided $71,600 of services on...
Required information 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 Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 34,900 15,600 10,500 28,100 11,900 The following events apply to Oak Consulting for Year 2: 1. Provided $66,100 of services on...
At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: Account Balance Cash $ 42,000 Accounts receivable 25,000 Accounts payable 8,400 Common stock 24,000 Retained earnings 34,600 The following events apply to Oak Consulting for Year 2: Provided $185,000 of services on account. Incurred $45,800 of operating expenses on account. Collected $140,000 of accounts receivable. Paid $120,000 cash for salaries expense. Paid $31,400 cash as a partial payment on accounts payable. Paid a $10,000...
Required information 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 $ 34,900 Accounts receivable 15,600 Accounts payable 10,500 Common stock Retained earnings 11,900 28,100 The following events apply to Oak Consulting for Year 2: 1. Provided 566,100 of services on...
Required information 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 Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 34,900 15,600 10,500 28,100 11,900 The following events apply to Oak Consulting for Year 2: 1. Provided $66,100 of services on...