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

Why an employee must demonstrate respect on the job

Suppose a new "payment technology" allows individuals to make payments using u. s. treasury bonds (i. e., u. s. treasury bonds are immediately cashed when needed to make a payment and that balance is transferred to the payee). how do you think this payment technology would affect the transactions component of the demand for money? a. this would lead to a decreased need to hold cash for transactions; however, the transactions demand for money would remain unchanged. b. this would lead to a decreased need to hold cash for transactions, thus the transactions demand for money would decrease. c. this would lead to an increased need to hold cash for transactions, thus the transactions demand for money would increase. d. this technology would not change the transactions component of the demand for money.

Acorporation acquires new funds only when its securities are sold in the a. secondary market by a commercial bank. b. secondary market by an investment bank. c. primary market by an investment bank. d. secondary market by a stock exchange broker.