The Sky Blue Corporation has the following adjusted trial balance at December 31 Debit Credit 1,230 2,000 2,300 3,000 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Pavable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Dxpense Insurance Expense Rent Expense Income Tax Expense 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- Total $58,250 $58,250 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.) Journal entry worksheet Record the closing entry for revenues and expenses Note: Enter debits before credits. Data General Journal Debit Credit Dec 31 Journal entry worksheet Record the closing entry for dividends. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31