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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

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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 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

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