(Answered) A company had revenues of 63500 and expenses of 48250 for

Accounting

A company had revenues of $63,500 and expenses of $48,250 for the accounting period. The company paid $7,000 cash in dividends to the owner (sole shareholder). Which of the following entries could not be a closing entry?

Debit Income Summary $15,250; credit Retained Earnings $15,250.

Debit Income Summary $63,500; credit Revenues $63,500.Debit Revenues $63,500; credit Income Summary $63,500.Debit Income Summary $48,250, credit Expenses $48,250.

Debit Retained Earnings $7,000, credit Dividends $7,000.

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