The Sky Blue Corporation has the following adjusted trial balance at December 31 Credt Cash Accounts Recelvable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Uneaned Revenue Common Stock Retained Eamings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Ublities Expense Insurance Expense Rent Expense Income Tax Expense S 1,350 3,200 3,500 4.200 18,000 $ 5,000 6,620 1,600 4,100 840 3,600 .480 420 52,830 420 24,000 2,500 5,420 2,600 7,200 4,100 Total S76,490 $76,490 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. Date Debit Credit Dec 31 Record entry Clear entry View general journal
