Required information [The following information applies to the questions displayed below.) The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit $ 3,400 Debit Cash $ 1,270 Accounts Receivable 2,400 Prepaid Insurance 2,700 Notes Receivable 3,400 (long-term) Equipment 14,000 Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends 340 Sales Revenue Rent Revenue Salaries and Wages 22,400 Expense Depreciation Expense 1,700 Utilities Expense 4,620 Insurance Expense 1,800 Rent Expense 6,400 Income Tax Expense 3,300 Total $64,330 5,820 1,200 3,300 680 2,800 1,160 45,630 340 $64,330 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. General Journal Debit Credit Date Dec 31 Record entry View general journal Required information [The following information applies to the questions displayed below.] The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit Debit Cash $ 1,270 Accounts Receivable 2,400 Prepaid Insurance 2,700 Notes Receivable 3,400 (long-term) Equipment 14,000 Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends 340 Sales Revenue Rent Revenue Salaries and Wages 22,400 Expense Depreciation Expense 1,700 Utilities Expense 4,620 Insurance Expense 1,800 Rent Expense 6,400 Income Tax Expense 3,300 Total $64,330 $ 3,400 5,820 1,200 3,300 680 2,800 1,160 45,630 340 $64,330 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 Record the closing entry for dividends. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry View general journal Clear entry