The ledger of Mal Company includes the following accounts with normal balances as of December 31: Common Stock $9,500, Dividends $1,050, Services Revenue $18,000. Wages Expense $10,900, and Rent Expense $2,600. Prepare its December 31 closing entries. View transaction fiat View journal entry worksheet No Date General Journal Credit Debit 18,000 1 Dec 31 Services revenue Income summary 18.000 2 Dec 31 13,500 Income summary Wages expenso Rent expense 10,000 2.600 3 Dec 31 4,500 Income summary Retained earnings 4,500 4 Dec 31 1,050 Retained eamings Dividends 1,050 Wattan Company reports beginning inventory of 11 units at $65 each. Every week for four weeks it purchases an additional 11 units at respective costs of $66 $67 $70, and $75 per unit for weeks through 4 Compute the cost of goods available for sale and the units available for sale for this four week period. Assume that no sales occur during those four weeks Activity Beginning inventory 1st wock purchase 2nd week purchase 3rd work purchase 4th week purchase Units available for sale Coot of goods available for sale Units Units cost Cost of Goods Available 115 6500s 715 11s 0600 1115 67.00 118 70 00 770 115 75.00 125 55 3.773 720 737