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there is no choice for income summury ! so what do i choose instead Required information M4-14 through M4-17 Reporting an Income Statement, Reporting a

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Required information M4-14 through M4-17 Reporting an Income Statement, Reporting a Statement of Retained Earni Reporting a Balance Sheet and Recording Closing Journal Entries [LO 4-4, LO 4-5) (The following information applies to the questions displayed below.) The Sky Blue Corporation has the following adjusted trial balance at December 31 Credit Debit $ 1,360 3,300 3,600 4,300 18,500 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stoek Retained Earnings Dividends Sales Revenue Rent Revenue Salarion and Wages Expense Depreciation Expense Utilities Expenso Insurance Expense Pont Expense Income Tax Expenso Total $ 5,200 6,720 1,650 4,200 860 3,700 1,520 430 53,730. 430 24,200 2,600 5,520 23700 7.300 4.200 $78,010 $78,010 M4-17 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.) Answer is not complete. No Credit Date Dec 31 1 Debit 53,730 430 54,100 46,520 General Journal Sales Revenue Rent Revenue Income Taxes Payable Income Tax Expense Sataries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense OOOOOOOOO 24,200 2,600 5.520 2,700 7.300 4200 2 Dec 31 7,640 7640 Income Tax Expense Retained Earnings Retained Earnings Dividends OOOO 430 430

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