Requirement f:
OAK CONSULTING | ||
Post-Closing Trial Balance | ||
As of December 31, Year 2 | ||
Account Titles | Debit | Credit |
Cash | $14,330 | |
Accounts receivable | $38,600 | |
Accounts payable | $1,730 | |
Common stock | $20,200 | |
Retained earnings [Balance amount] | $31,000 | |
Totals | $52,930 | $52,930 |
Calculations:
Cash | |
$29,000 | |
$48,400 | $39,200 |
$15,570 | |
$8,300 | |
$14,330 | |
Accounts receivable | |
$19,300 | |
$67,700 | $48,400 |
$38,600 | |
Accounts payable | |
$14,000 | |
$15,570 | $3,300 |
$1,730 | |
Common stock | |
$20,200 | |
$20,200 | |
Required information [The following information applies to the questions displayed below.] At the beginning of Year...
! 00 Required information (The following information applies to the questions displayed below.) Part 2 of 3 2 At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts: 1.17 points Account Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 29,000 19,300 14,000 20,200 14,100 The following events apply to Oak Consulting for Year 2: eBook Hint 1. Provided $67,700 of services on account. 2. Incurred $3,300 of operating expenses on account....
Required information (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 $ 31,400 20,400 14,100 25,600 12,100 The following events apply to Oak Consulting for Year 2: 1. Provided $73,800 of services on account. 2. Incurred $3,400 of operating expenses on account. 3. Collected $45,300 of accounts receivable. 4. Paid $38,900 cash for...
7 [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 $ 29,eee 19,300 14,eee 28, 2ee 14,100 Part 1 of 3 1.17 points The following events apply to Oak Consulting for Year 2: Skipped 1. Provided $67.700 of services on account. 2 Incurred $3,300 of operating expenses on account. 3. Collected $48.400 of...
Required information [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 $ 31,400 20,400 14,100 25,600 12,100 The following events apply to Oak Consulting for Year 2: 1. Provided $73,800 of services on account. 2. Incurred $3,400 of operating expenses on account. 3. Collected $45,300 of accounts receivable. 4. Paid $38,900 cash for...
Required information [The following information applies to the questions displayed below.] At the beginning of Year 1, Oak Consulting had the following normal balances in its accounts: Account Balance Cash $ 29,200 Accounts receivable 16,400 Accounts payable 12,200 Common stock 20,200 Retained earnings 13,200 The following events apply to Oak Consulting for Year 1: Provided $74,500 of services on account. Incurred $3,000 of operating expenses on account. Collected $50,000 of accounts receivable. Paid $36,000 cash for salaries expense. Paid $13,680...
Required information [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 $ 26,900 18,600 10,800 23,400 11,300 The following events apply to Oak Consulting for Year 2: 1. Provided $68,000 of services on account. 2. Incurred $3,100 of operating expenses on account. 3. Collected $49,500 of accounts receivable. 4. Paid $37,400 cash for...
Required information [The following information applies to the questions displayed below.] At the beginning of Year 1, Oak Consulting had the following normal balances in its accounts: Account Balance Cash $ 29,200 Accounts receivable 16,400 Accounts payable 12,200 Common stock 20,200 Retained earnings 13,200 The following events apply to Oak Consulting for Year 1: Provided $74,500 of services on account. Incurred $3,000 of operating expenses on account. Collected $50,000 of accounts receivable. Paid $36,000 cash for salaries expense. Paid $13,680...
At the beginning of Year 1, Oak Consulting had the following normal balances in its accounts: Account Balance Cash $ 29,200 Accounts receivable 16,400 Accounts payable 12,200 Common stock 20,200 Retained earnings 13,200 The following events apply to Oak Consulting for Year 1: Provided $74,500 of services on account. Incurred $3,000 of operating expenses on account. Collected $50,000 of accounts receivable. Paid $36,000 cash for salaries expense. Paid $13,680 cash as a partial payment on accounts payable. Paid a $8,600...
Saved Help Save Required information 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 $ 31,400 20,400 14,100 25,600 12.100 The following events apply to Oak Consulting for Year 2: 1. Provided $73,800 of services on account. 2. Incurred $3,400 of operating expenses on account. 3. Collected $45,300 of accounts receivable. 4. Paid...
(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: Part 1 of 4 Account Cash Accounts receivable Accounts payable Common stock Retained earnings Balance $ 26,900 18,600 10,800 23,400 11,300 Skipped The following events apply to Oak Consulting for Year 2: eBook Hint 1. Provided $68,000 of services on account. 2. Incurred $3,100 of operating expenses on account. 3. Collected $49,500 of accounts receivable....