s 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 $ 1,230 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 Salaries and Wages Expense 21,600 Depreciation Expense 1,300 Utilities Expense 4,220 Insurance Expense 1,400 Rent Expense 6,000 Income Tax Expense 2,900 Total $ 58,250 $ 58,250 Required: Prepare closing journal entries on December 31. (If no entry is required for a transaction/event, in the first account field.) 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 < 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