Elite Pealty acts as an agent in buying, seling, renting, and managing reai estate. The unadfusted trial balance on March 31, 20Y3, follows: The tolowing business transactions were completed by Elite. Really during Apnil 20 Ps. Enter the fransactions through the 23rd on Page t8 of the two-column journal: Apr 1 Paid rent on otice for month, $4,000. following business transactions were completed by Elite Realty during April 20 Y. Enter the transactions through the 23 rd on Page 18 of the fwo-column joumal. Apr. 1. Paid rent on office for month, $4,000. 2 Purchased office supplies on account, $2,500. 5. Paid insurance premiums, $6,100. 10 Received cash trom clients on account, $52,800. 15 Purchased land for a future bulding site for $185,000, paying $21,000 in cash and giving a note payable for the remainder. 17 Paid creditors on account, $6,450 20 Peturned a portion of the office supplies purchased on April 2, receiving full credit for their cost, $340. 23 Paid advertieing expense, $4,300. Enter the following transactions on Page 19 of the two-column joumal: Apr. 27 Discovered an error in computing a commission; recelved cash trom the salesperson for the overpaymont, $3,000. 28 Paid aulomobile expense (including rental charpes for an automobile), $1,400. 28 Paid automobile expense (including rental charges for an automobile), $1,400. 29 Paid miscellaneous expenses, $1,600, 30 Recorded revenue eamed and billed to clients during the month, $55,000. 30 Paid salaries and commissions for the month, $15,600. 30 Paid dividends, $4,000. 30 Rented land purchased on April 15 to local merchants association for use as a parking lot in May and June, during a street rebulding program; received advance payment of $12,000. Required: 1. Pecord the April 1, 20Y3, balance of each account in the appropriate balance column of a four-column account. type Balance in the item section, and select a check mark in the Posting Reference column. 2. kournaifee the transactions for Aprit in a fwo-column jouenal beginning on Page 18. 3. Post to the ledget, extending the account balance to the appropriate balance column after each posting. 4. Prepare an ynadiusted trial balance of the ledger as of April 30, 20Y. 5. Assume that the April 30 transaction for salaries and cornmissions should have been $16,500. (a) Why did the unadjusted hial balance in (4) balance? (b) Journalize the correcting entry on April 30. Use page 20. (Note: You will not be required to post this entry to the ledger at this