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 530 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,930 in cash (for a total at the end of the year of 830 shares). These effects are included below: 2,370 Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $ 1,380 Accounts receivable 2,350 Interest receivable 270 Prepaid insurance 1,720 Long-term notes receivable 2,840 Equipment 16,000 Accumulated depreciation $ 3,000 Accounts payable Dividends payable 610 Accrued expenses payable 3,750 Income taxes payable 2,640 Unearned rent revenue 490 Common Stock (830 shares) 83 Additional paid-in capital 3,467 Retained earnings 2,540 Sales revenue 38,190 Interest revenue 250 Rent revenue 670 Wages expense 20,600 Depreciation expense 1,680 Utilities expense 280 Insurance expense 650 Rent expense 7,500 Income tax expense 2,790 $ 58,060 $ 58,060 Total Prepare the closing entry at the end of the current year. (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 1 Record the closing entry at the end of the current year. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal