Romney's Marketing Company has the following adjusted trial balance at the end of the current year. No dividends were declared. However, 590 shares ($0.10 par value per share) issued at the end of the year for $3,000 are included below: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) DebitCredit S 1.480 2,380 1,660 16,700 Interest recevable Prepaid insurance Notes receivable (long-term) Equipment Accumulated depreciation Accounts payable Accrued expenses payable Income taxes payable Unearned rent revenue Common Stock (840 shares) Additional pald-in capical Retained earnings Sales revenue Interest revenue Rent revenue Wages expense Depreciation expense Utlities expense Insurance expense Rent expense Income tax expense S 3,030 3,820 2,670 3,606 3,780 38,550 130 20,500 1,710 280 8,100 59.180 S 59.1 Prepare the closing entry at the end ot the current year Record the closing entry at the end of the current year Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal