The following information is from the Income Statement of the Bridgeport Rental Shop for the year ending October $31,2025$:

Service Revenue

Expenses

This is Bridgeport's first year in business. Bridgeport distributed dividends of $$2,045$ during the period. Prepare closing entries at

December $31,2025.($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered.

Do not indent manually. If no entry is required, select $"$No entry" for the account titles and enter O for the amounts. Record journal entries in the

order presented in the text.$)$

No$.$ Account Titles and Explanation