How to solve A company had services revenues of $52,500 and expenses of...
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How to solve A company had services revenues of $ and expenses of $ for the accounting period. Dividends of $ were paid in cash during the same period. Which of the following entries could not be a closing entry? Multiple Choice Debit Income Summary $; credit Services Revenue $ Debit Retained Earnings $; credit Dividends $ Debit Income Summary $; credit Retained Earnings $ Debit Services Revenue $; credit Income Summary $ Debit Income Summary $; credit Expenses $ 
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A company had services revenues of $ and expenses of $ for the accounting period. Dividends of $ were paid in cash during the same period. Which of the following entries could not be a closing entry?
Multiple Choice
Debit Income Summary $; credit Services Revenue $
Debit Retained Earnings $; credit Dividends $
Debit Income Summary $; credit Retained Earnings $
Debit Services Revenue $; credit Income Summary $
Debit Income Summary $; credit Expenses $
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