Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on March 31, 20Y3, follows:

Elite Realty

UNADJUSTED TRIAL BALANCE

March 31, 20Y3

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	25,000.00
2	Accounts Receivable	62,700.00
3	Prepaid Insurance	2,900.00
4	Office Supplies	1,900.00
5	Accounts Payable		13,700.00
6	Common Stock		10,000.00
7	Retained Earnings		36,000.00
8	Dividends	2,300.00
9	Fees Earned		237,000.00
10	Salary and Commission Expense	145,800.00
11	Rent Expense	30,000.00
12	Advertising Expense	16,400.00
13	Automobile Expense	5,600.00
14	Miscellaneous Expense	4,100.00
15	Totals	296,700.00	296,700.00

The following business transactions were completed by Elite Realty during April 20Y3. Enter the transactions through the 23rd on Page 18 of the two-column journal:

Apr.	1	Paid rent on office for month, $3,500.
	2	Purchased office supplies on account, $2,000.
	5	Paid insurance premiums, $5,300.
	10	Received cash from clients on account, $52,500.
	15	Purchased land for a future building site for $233,000, paying $29,000 in cash and giving a note payable for the remainder.
	17	Paid creditors on account, $5,750
	20	Returned a portion of the office supplies purchased on April 2, receiving full credit for their cost, $360.
	23	Paid advertising expense, $4,350.

Enter the following transactions on Page 19 of the two-column journal:

Apr.	27	Discovered an error in computing a commission; received cash from the salesperson for the overpayment, $2,600.
	28	Paid automobile expense (including rental charges for an automobile), $1,400.
	29	Paid miscellaneous expenses, $1,400.
	30	Recorded revenue earned and billed to clients during the month, $54,000.
	30	Paid salaries and commissions for the month, $16,800.
	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 rebuilding program; received advance payment of $10,000.

	Required:
1.	Record 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.Journalize the transactions for April in a two-column journal beginning on Page 18.