The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit Debit $ 1,310 2,800 3,100 3,800 16,000 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long- term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Unearned Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense $ 4,200 6,220 1,400 3,700 760 3,200 1,320 380 49,230 380 23,200 2.100 5,020 IMA 380 WICHT Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense 23,200 2,100 5,020 2,200 6,800 3,700 Total $ 70,410 $ 70,410 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 Journal entry worksheet lisation/event, select "No Journal Entry Required" in the first account field.) U 1 View transaction list Journal entry worksheet 1 2 Record the closing entry for revenues and expenses. Note: Enter debits before credits General Journal Debit Credit Date Dec 31 3 Prev 7 of 10 Next > 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 Journal entry worksheet Record the closing entry for dividends. Note: Enter debits before credits Date General Journal Debit Credit Dec 31