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12 Part 4 of 4 Required information (The following information applies to the questions displayed below.) The Sky Blue Corporation has the following adjusted trial balance at December 31. 1 points Credit Debit $ 1,380 3,500 3,800 4,500 19,500 eBook 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 Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense Total $ 5,600 6,920 ,750 4,400 900 3,900 1,600 Print 450 55,530 450 References 24,600 2,800 5,720 2,900 7,500 4,400 $81,050 $81,050 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 View journal entry worksheet No Date Debit Credit 1 Dec 31 55,530 450 General Journal Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense 24,600 2,800 5,720 2.900 7,500 4,400 2 Dec 31 450 Retained Earnings Dividends 450