A company had revenues of $57,000 and expenses of $44,750 for the accounting period. Dividends of $6,275 were paid in cash during the same period. Which of the following entries could not be a closing entry?

Multiple Choice

• Debit Income Summary $44,750, credit Expenses $44,750.

• Debit Income Summary $12,250; credit Retained earnings $12,250.

• Debit Revenues $57,000; credit Income Summary $57,000.

• Debit Retained earnings $6,275, credit Dividends $6,275.

• Debit Income Summary $57,000; credit Revenues $57,000.