TB MC Qu. 04-103 A company had revenues of...

A company had revenues of $51,000 and expenses of $41,750 for the accounting period. The owner withdrew $5,600 in cash during the same period. Which of the following entries could not be a closing entry?

Multiple Choice

• Debit Income Summary $9,250; credit Owner's, Capital $9,250.

• Debit Income Summary $51,000; credit Revenues $51,000.

• Debit Revenues $51,000; credit Income Summary $51,000.

• Debit Income Summary $41,750, credit Expenses $41,750.

• Debit Owner's, Capital $5,600, credit Owner's, Withdrawals $5,600.