At the beginning of 2016, Oak Consulting had the following normal balances in its accounts:

Account Balance
Cash $42,000
Accounts receivable 25,000
Accounts payable 8,400
Common stock 24,000
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.
Post the beginning balances and the transactions from Parts a&d to the appropriate accounts.