! Required information [The following information applies to the questions displayed below.] The Sky Blue Corporation...

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! 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 Accounts Receivable Debit $ 1,280 Credit 2,500 Prepaid Insurance 2,800 Notes Receivable (long-term) 3,500 Equipment 14,500 Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue $ 3,600 5,920 1,250 3,400 700 Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense 22,600 Depreciation Expense 1,800 Utilities Expense 4,720 Insurance Expense 1,900 Rent Expense 6,500 Income Tax Expense 3,400 Total $65,850 $65,850 2,900 1,200 350 46,530 350 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 ! 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 Accounts Receivable Debit $ 1,280 Credit 2,500 Prepaid Insurance 2,800 Notes Receivable (long-term) 3,500 Equipment 14,500 Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue $ 3,600 5,920 1,250 3,400 700 Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense 22,600 Depreciation Expense 1,800 Utilities Expense 4,720 Insurance Expense 1,900 Rent Expense 6,500 Income Tax Expense 3,400 Total $65,850 $65,850 2,900 1,200 350 46,530 350 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