D Question 31 6 pt The following end-of-year information is from the accounting records of Laura Company. Wages Payable Wages Expense $38 200 Unearned Rent Revenue 27 Sales Revenue 1,090 245 110 50 1,530 870 Retained Earnings (beginning) Rent Revenue Prepaid Insurance Expense Long-term Debt Inventory Insurance Expense Equipment Dividends Cost of Goods Sold Contributed Capital Cash Accounts Receivable Accounts Payable 240 980 70 1,360 980 110 270 130 Which ONE of the following would appear in the closing entries for the year? O A CREDIT to Insurance Expense for $240 A DEBIT to Contributed Capital for $980 A DEBIT to Unearned Rent Revenue for $27 O A DEBIT to Wage Expense for $200 A CREDIT to Sales Revenue for $1.090