At the beginning of 2016, oak consulting had the following normal balances in its accounts:
account balance
cash $42,000
accounts recelvable 25,000
accounts payable 24,000
common stock 8,400
retained earnings 34,600
the following events apply to oak's consulting for 2016: 1. provided $185,000 of services on account. 2. incurred $45,800 of operating expenses on account. 3. collected $140,000 of accounts receivable. 4. paid $120,000 cash for salaries expense. 5. paid $31,400 cash as a partial payment on accounts payable. 6. paid an $10,000 cash dividend to the stockholders. record these events in a general journal.