Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $650 were declared at the end of the year, and 580 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,870 in cash (for a total at the end of the year of 810 shares). These effects are included below:

Catenas Marketing Company
Adjusted Trial Balance
End of the Current Year
	Debit				Credit
Cash	$	1,400
Accounts receivable		2,280
Interest receivable		250
Prepaid insurance		1,650
Long-term notes receivable		2,990
Equipment		16,100
Accumulated depreciation				$	3,020
Accounts payable					2,270
Dividends payable					650
Accrued expenses payable					3,790
Income taxes payable					2,690
Unearned rent revenue					520
Common Stock (810 shares)					81
Additional paid-in capital					3,549
Retained earnings					3,100
Sales revenue					38,820
Interest revenue					180
Rent revenue					820
Wages expense		20,900
Depreciation expense		1,780
Utilities expense		320
Insurance expense		680
Rent expense		8,400
Income tax expense		2,740
Total	$	59,490		$	59,490

Journal entry worksheet

• Record the closing entry at the end of the current year.

Note: Enter debits before credits.

Fill out the below:

Transaction	General Journal	Debit	Credit
1