The following end-of-year account balance information is from the accounting records of June Company. Use these data to prepare the closing entries for the year. Cost of Goods Sold $9,000 Accounts Payable 1,100 Paid-in Capital 2,000 Cash 400 Sales 10,000 Dividends 700 Retained Earnings (beginning) 1,000 Inventory 4,000 h Which ONE of the following would appear in the closing entries for the year? O DEBIT to Accounts Payable for $1,100 DEBIT to Paid-in Capital for $2,000 O CREDIT to Cost of Goods Sold for $9,000 O DEBIT to Dividends for $700