B Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $590 were declared at the end of the year, and 660 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,820 in cash (for a total at the end of the year of 830 shares). These effects are included below Catena's Harketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $1,340 Accounts receivable 2,350 Interest receivable 130 Prepaid insurance 1,050 Long-term notes receivable 2,840 Equipment 16,700 Accumulated depreciation $3,100 Accounts payable 2,390 Dividends payable 590 Accrued expenses payable 3,790 Income taxes payable 1,747 Unearned rent revenue): 550 Common Stock (830 shares) Additional paid-in capital 83 3,577 Retained earnings 2,570 Sales revenue 36,020 Rent revenue 810 Interest revenue 200 Hages expense 20,400 Depreciation expense 1,730 utilities expense 350 Insurance expense 630 Rent expense 7,600 3,747 $57,507 $57,507 Income tax expense Total Prepare the closing entry at the end of the current year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet Next > Wages expense Depreciation expense utilities expense 20,400 1,730 350 Insurance expense Rent expense 630 7,600 1,747 Income tax expense Total $57,507 $57,507 Prepare the closing entry at the end of the current year. Note: If no entry is required for a transaction/event, select "No journal entry required" View transaction list Journal entry worksheet 1 Record the closing entry at the end of the current year. Note: Enter debits before credits Transaction General Journal Debit Credit < Prev 48 of 50