Acompany had revenues of $54,500 and expenses of $43,750 for the accounting period. dividends of $6000 were paid in cash during the same period. which of the following entries could not be a closing entry?
a. debit income summary $10,750; credit owner's, capital $10,750.
b. debit income summary $54,500; credit revenues $54,500.
c. debit revenues $54,500; credit income summary $54,500.
d. debit income summary $43,750, credit expenses $43,750.
e. debit owner's, capital $6,000, credit owner's, withdrawals $6,000.