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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.
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 Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Debit $ 1,330 Credit 3,000 3,300 4,000 17,000 $ 4,600 6,420 1,500 3,900 800 3,400 1,400 400 51,030 400 Salaries and Wages Expense 23,600 Depreciation Expense 2,300 Utilities Expense 5,220 Insurance Expense 2,400 Rent Expense Income Tax Expense Total 7,000 3,900 $ 73,450 $ 73,450
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