For the Year Ended December 31,a Company Had Revenues of $187,000

Multiple Choice

For the year ended December 31,a company had revenues of $187,000 and expenses of $109,000.$37,000 in dividends were paid during the year.Which of the following entries could not be a closing entry?

A) Debit Income Summary $78,000; credit Retained earnings $78,000.
B) Debit Retained earnings $37,000; credit Dividends $37,000.
C) Debit revenues $187,000; credit Income Summary $187,000.
D) Debit Income Summary $109,000,credit expenses $109,000.
E) Debit Income Summary $187,000; credit revenues $187,000.