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Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadiusted trial balance on March 31, 2016, follows: Elite Realty
Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadiusted trial balance on March 31, 2016, follows: Elite Realty UNADJUSTED TRIAL BALANCE March 31, 2016 DEBIT CREDIT 1 Cash 2 Accounts Receivable 3 Prepaid Insurance 25,300.00 60,900.00 2,800.00 1500.00 Office Supplies Land Accounts Payable 14,000.00 7 Unearned Rent Notes Payable 9 Lester Wagner, Capital 0 Lester Wagner, Drawing 11 Fees Earned 12 Salary and Commission Expense 13 Rent Expense 14 Advertising Expense 15 Automobile Expense 16 Miscellaneous Expense 7 Totals 48,000.00 1500.00 229,500.00 145,600.00 28,000.00 16,500.00 ,400.00 4,000.00 291500.00 291500.00
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