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A company had revenues of $59,000 and expenses of $46,000 for the accounting period. The...

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Accounting

A company had revenues of $59,000 and expenses of $46,000 for the accounting period. The company paid $6,500 cash in dividends to the owner (sole shareholder). Which of the following entries could not be a closing entry?

Debit Income Summary $13,000; credit Retained Earnings $13,000.

Debit Income Summary $59,000; credit Revenues $59,000.

Debit Revenues $59,000; credit Income Summary $59,000.

Debit Income Summary $46,000, credit Expenses $46,000.

Debit Retained Earnings $6,500, credit Dividends $6,500.

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