Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $610 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,040 in cash (for a total at the end of the year of 820 shares). These effects are included below:

Catenas Marketing Company
Adjusted Trial Balance
End of the Current Year
	Debit	Credit
Cash	$1,510
Accounts receivable	2,220
Interest receivable	104
Prepaid insurance	1,620
Long-term notes receivable	2,900
Equipment	15,490
Accumulated depreciation		$3,040
Accounts payable		2,440
Dividends payable		610
Accrued expenses payable		3,940
Income taxes payable		1,704
Unearned rent revenue		510
Common Stock (820 shares)		82
Additional paid-in capital		3,640
Retained earnings		1,440
Sales revenue		38,960
Rent revenue		810
Interest revenue		104
Wages expense	19,700
Depreciation expense	1,840
Utilities expense	388
Insurance expense	768
Rent expense	9,040
Income tax expense	1,700
Total	$57,280	$57,280

Prepare the closing entry at the end of the current year.

Journal entry worksheet Record the closing entry at the end of the current year. Note: Enter debits before credits