The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit Debit $ 1,320 2,900 3,200 3,900 16,500 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 $ 4,400 6,320 1,450 3,800 780 3,300 1,360 390 50,130 390 23,400 2,200 5,120 2,300 6,900 3,800 $71,930 $71,930 M4-17 Required information 2 Record the closing entry for dividends. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal