The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit Debit $ 1,280 2,500 2,800 3,500 14,500 $ 3,600 5,920 1,250 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 Insurance Expense Rent Expense Income Tax Expense 3,400 700 2,900 1,200 350 46,530 350 22,600 1,800 4,720 1,900 6,500 3,400 Total $65,850 $65,850 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