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Question(s) / Instruction(s):

A company had revenues of $75,000 and expenses of $60,000 for the accounting period. Which of the following entries could not be a closing entry?
A)   Income Summary        15,000
        Owner’s Capital          15,000
B)   Income Summary        75,000
        Revenues                 75,000
C)   Revenues              75,000  
        Income Summary           75,000
D)   Income Summary        60,000  
        Expenses                 60,000

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