The Sky Blue Corporation has the following adjusted trial balance at December 31, Debit Credit Cash $ 1,230 Accounts Receivable 2,000 Prepaid Insurance 2,300 Notes Receivable (long-term) 3,000 Equipment 12,000 Accumulated Depreciation $ 2,600 Accounts Payable 5,420 Salaries and Wages Payable 1,000 Income Taxes Payable 2,900 Deferred Revenue 600 Common Stock 2,400 Retained Earnings 1,000 Dividends 300 Sales Revenue 42,030 Rent Revenue 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 2 Record the closing entry for revenues and expenses. Note: Enter debits before credits. General Journal Credit Date December 31 Debit 42,030 Sales Revenue Record the closing entry for dividends. Note: Enter debits before credits. Date General Journal Debit Credit December 31