3 50 01:03:12 Skipped Book The adjusted trial balance for Sparrow Company at December 31, 2024 is presented below: Credit Accounts Prepaid rent Land Accounts payable Salaries payable Common stock Retained earnings Dividends Service revenue Salaries expense Rent expense Utilities expense Totals View transaction list Journal entry worksheet 1 Prepare the closing entries for Sparrow Company for the year ended December 31, 2024. (If no entry is required for transaction/event, select "No journal entry required" in the first account field.) 2 3 Date December 31, 2024 Debit $ 9,000 24,000 410,000 Note: Enter debits before credits. Record the entry to close the revenue accounts. 13,000 150,000 30,000 30,000 $ 666,000 $ 666,000 $ 18,000 17,000 240,000 71,000 320,000 General Journal Debit Credit >

Prepare the closing entries for Sparrow Company for the year ended December 31, 2024. (If no entry is required for transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. Prepare the closing entries for Sparrow Company for the year ended December 31, 2024. (it no entry is required for a transaction/event, select "No foumal entry required* In the first account fleld.) Journal entry worksheet Record the entry to close the dividends accounts. Note: Enter debits before credits: Prepare the closing entries for Sparrow Company for the year ended December 31, 2024. (If no entry is required transactlon/event, select "No fournal entry required" In the first account field.) Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits