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Question(s) / Instruction(s):

A company had revenues of $75,000 and expenses of $62,000 for the accounting period. Which of the following entries could not be a closing entry?

A)           Income Summary            13,000  

                    Owner’s Capital                           13,000                                   

B)            Income Summary            75,000  

                    Revenues                       75,000                                    

C)            Revenues            75,000  

                    Income Summary                       75,000                                    

D)           Income Summary            62,000  

                   Expenses                         62,000                                    

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