Preparing and Analyzing Closing Entries Sparrow Company had the following adjusted trial balance at December 31, 2019. Sparrow Company Adjusted Trial Balance December 31, 2019

Debit Credit
Cash $3,150
Accounts Receivable 5,650
Prepaid Insurance 4,480
Equipment 42,000
Accumulated Depreciation, Equipment $24,000
Accounts Payable 2,800
Salaries Payable 4,450
Unearned Service Revenue 3,875
Common Stock 8,000
Retained Earnings 2,255
Dividends 10,500
Service Revenue 99,800
Salaries Expense 49,400
Rent Expense 17,250
Insurance Expense 2,200
Depreciation Expense 4,950
Income Taxes Expense 5,600
Totals $145,180 $145,180

Required:
Prepare the closing entries for Sparrow at December 31, 2019.

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"