
Concept explainers
The Sky Blue Corporation has the following adjusted
Debit Credit
Cash $ 1,310
Accounts Receivable 2,800
Prepaid Insurance 3,100
Notes Receivable (long-term) 3,800
Equipment 16,000
Accumulated
Accounts Payable 6,220
Salaries and Wages Payable 1,400
Income Taxes Payable 3,700
Deferred Revenue 760
Common Stock 3,200
Retained Earnings 1,320
Dividends 380
Sales Revenue 49,230
Rent Revenue 380
Salaries and Wages Expense 23,200
Depreciation Expense 2,100
Utilities Expense 5,020
Insurance Expense 2,200
Rent Expense 6,800
Income Tax Expense 3,700
Total $ 70,410 $ 70,410
How would you make the adjusted trial balance sheet

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