Correct any obvious errors in the following closing entries by providing the four corrected closing entries. Assume all accounts held normal account balances in the Adjusted Trial Balance. A. Income Summary 281,000 Service Revenue 281,000 B. Automobile Expense 16,900 Insurance Expense 26,000 Salaries Expense 192,000 Supplies Expense 18,600 Income Summary 253,500 C. Retained Earnings 266,000 Income Summary 266,000 D. Dividends 14,000 Retained Earnings 14,000

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.