(Solved): The Sky Blue Corporation has the following adjusted trial balance at December 31 . M417(Alg0) ...

The Sky Blue Corporation has the following adjusted trial balance at December 31 . $$M4?17(\text{Alg }0)$$ Required: 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.) Record the closing entry for revenues and expenses. Record the closing entry for dividends.