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 Prepaid Insurance Equipment Accumulated Depreciation Notes Receivable (long-term) Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense Total Debit $ 1,230 Credit 2,000 2,300 3,000 12,000 $ 2,600 5,420 1,000 2,900 600 2,400 1,000 300 42,030 300 21,600 1,300 4,220 1,400 6,000 2,900 $ 58,250 $ 58,250 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 Journal entry worksheet < 1 2 Record the closing entry for dividends. Note: Enter debits before credits. Date December 31 General Journal Debit Credit >