Question: Required information Exercise 13-22A (Static) Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 13-1,13-2, 13-3, 13-4 [The following information
Required information Exercise 13-22A (Static) Recording events in the general journal, posting to T-accounts, and preparing closing entries LO 13-1,13-2, 13-3, 13-4 [The following information applies to the questions displayed below] At the beginning of Year 2, Oak Consulting had the following normal batances in its accounts: The following events apply to Oak Consulting for Year 2 1. Provided $185,000 of services on account. 2. Incurred 545,800 of operating expenses on account. 3. Collected $140,000 of accounts recelvable. 4. Paid $120,000 cash for salaries expense. 5. Paid $31,400 cash as a partial payment on accounts payable. 6. Paid a $10,000 cash dividend to the stockholders Exercise 13-22A (Static) Part c c. Show the beginning balances and the transactions in a horizontal stotements model, Notec Enter any decreases to account balances and cash outfiows with a minus sign, In the Statement of Cash Flows column, use the Initials OA to designate operating activity, IA for investing activity, FA for financing activity. and NC for net change in cash. Not all cells require input
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