Required information $-$ Items with red are incorrect, need closing entires.

$[$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 $$68,900$ of services on account.

Incurred $$2,800$ of operating expenses on account.

Collected $$45,400$ of accounts receivable.

Paid $$37,500$ cash for salaries expense.

Paid $$12,150$ cash as a partial payment on accounts payable.

Paid a $$10,000$ cash dividend to the stockholders.

b$.$ & d$.$ Post the beginning balances and the transactions from Part a to the appropriate accounts. Select the event number for each

transaction amount. Later, post the closing entries from Part d and select $"$cl$.$ Answer is not complete.

Complete this question by entering your answers in the tabs below.

Record the closing entries in the general journal $($and post them to the T$-$accounts$).($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

$\backslash$table$[[$No$,$Event,General Journal,Debit,Credit$],[$A$,1,$Service revenue,$0,68,900,],[,$Retained earnings,$0,,68,900],[$B$,2,$Retained earnings,$0,37,500\backslash$times $,],[,$Salaries expense,$0,,37,500],[$C$,3,$Retained earnings,$0,10,000,],[,$Dividends,$0,,10,000]]$