Required information

Exercise $3-22$A $($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.

The following events apply to Oak Consulting for Year $2$:

Provided $$65,200$ of services on account.

Incurred $$3,000$ of operating expenses on account.

Collected $$46,700$ of accounts receivable.

Paid $$37,000$ cash for salaries expense.

Paid $$13,680$ cash as a partial payment on accounts payable.

Paid a $$9,100$ cash dividend to the stockholders.