PROBLEM 2 (11 8() From the accounts listed below in alphabetical order, select the appropriate ones and prepare the December 31 closing entries for Dave's Tax Service. niwollot s Advertising Expense 1,500 DATE ACCOUNTS maleva colneva lsulegion DEBIT CREDIT Accounts Payable 8,000 Accounts Receivable 15,000 Cash 16,000 Dave, Capital 50,000 Dave, Withdrawals 10,000 Office Equipment 10,000 Prepaid Insurance 500 Rent Expense 9,000 Service Revenue 56,000 Supplies 500 Supplies Expense 1,000 Utilities Expense 3,500 Wages Expense 23,000 PROBLEM: 13 ( 12 pts. ) Using the appropriate accounts from those below, prepare a calculation for (a) net sales, (b) cost of goods sold, (c) gross profit, and (d) the gross profit ratio. Beginning Inventory $20,000 Net Purchases $60,000 Ending Inventory $15,000 Sales Returns & Allowances $2,000 Rent Expense $9,000 Supplies Expense $3,000 Sales $99,000 Utilities Expense $9,000 Sales Discounts $1,000 Wages Expense $32,000