Income Taxes Payable, Required information [The following information applies to the questions displayed below The Sky Blue Corporation has the following adjusted tal balance at December 31 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Debst $1,410 3,000 4,100 4,000 21,000 1.6,200 2,220 1,900 4,700 Deferred Revent e Common Stock Retained Earnings 4,200 1,720 Dividends 450 Sales Revenue 58,230 Rent Revenue 430 Salaries and Hages Expense 25,200 Depreciation Expense ,100 6,000 Insurance Expense 3,200 Bent Expense 3,000 Income Tax Expense 4,700 Total 585,630 $85,610 Required Prepare closing journal entries on December 31 of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Check my w Prepare closing journal entries on December 31 of no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet < Record the closing entry for revenues and expenses Note: Enter debts before od Date General Journal Debit Credit December 31 Deferred Revenue