! Required information [The following information applies to the questions displayed below.] The Sky Blue Corporation has the following adjusted trial balance at December 31. Cash Debit $ 1,290 Credit Prepaid Insurance Accounts Receivable Notes Receivable (long-term) 2,600 2,900 3,600 Equipment 15,000 Accumulated Depreciation $ 3,800 Accounts Payable 6,020 Salaries and Wages Payable 1,300 Income Taxes Payable 3,500 Deferred Revenue 720 Common Stock 3,000 Retained Earnings 1,240 Dividends 360 Sales Revenue Rent Revenue 47,430 360 Salaries and Wages Expense 22,800 Depreciation Expense 1,900 Utilities Expense 4,820 Insurance Expense 2,000 Rent Expense 6,600 Income Tax Expense 3,500 Total $ 67,370 $ 67,370 Required: Prepare closing journal entries on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Prepare closing journal entries on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 Record the closing entry for revenues and expenses. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal Required: Prepare closing journal entries on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the closing entry for dividends. Note: Enter debits before credits. Date December 31 General Journal Debit Credit View general journal Record entry Clear entry >