Elto Realty acts as an agent in buying, selling, ronting, and managing real estale. The unadiusted trai balance on March 31,2019 , follows: Elto Realty acts as an agent in buying, selling, ronting, and managing real estale. The unadiusted trai balance on March 31,2019 , follows: The following business transactions were comploted by Elite Flealty duting April 2019. Enter the transactions through the 25vd an Page f6 of the fwo-column joumal. Apr. 1 Paid rent on office for month, $6,500, 2. Purchased office supplies on acoount, $2,300. 5. Paid insurance premums, $6,000. 10 Proceived cash from clients on account, $52,300. 15 Purchased land for a future bulding site for $200,000, paying $90,000 in cash and giving a note payable for the remainder. 17 Paid creditors on account. $6,450. 20. Returned a portion of the office supplies purchased on Apri 2, receiving full credit for their cost \$325. 2. Baid attuentivinn mmente et ane The following business transactions were completed by Elite Pealty during April 2019. Entor the transactions through the 2ard an Page 18 of the fwo-column journal. Apr: 1 Paid rent on oftice for month, 56,500 2 Purchased otice supplies on account, $2.300. 5. Paid insurance premiums, $6,000. 10 Roceived cash trom clients on account, 552.300 . 15. Purchased land tor a future building site for $200,000, paying $30,000 in cash and giving a note payable for the remainder, 17 Paid credilors on account, $6,450. 20. Returned a portion of the otfice supplies purchased on April 2, receiving full credit for their cost, \$325, 23 Paid advertising expense, $4,300. Enter the following transactions on Page t9 of the fwo-column joumal: Apr. 27 Discovered an error in computing a commission; received cash from the salesperson for the overparyment, $2,500. 28 Paid aulomobile expense (including rental charges for an automobie), $1,500 29. Paid miscellanecus expenses, $1,400. 30. Recorded reverue eamed and biled to clients during the month, $57,000. 30 Paid salaries and commissions for the month, $11,900. 30 Withdrew cash for personal use, $4,000 Apr. 27 Discovered an error in computing a commission; recelved cash from the salesperson tor the overpayment, 52,500 28. Paid automobile expense (including rental charges tor an automobie), $1,500. 29 Paid miscellaneous experses, $1,400. 30 Fecorded revenue earned and billed to clients during the month, $57,000. 30 Paid salaries and commissions for the month, $11,900. 30 Withdrew cash for personal use, $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. Fecord the April 1, 2019 , balance of each account in the appropriate balance column of a four-column account, type Balance in the ifem section, and select a check mark in the Posting Roference colemn. 2 Joumakge the transactions for Aprit in a fwo-column journal boginning on Page f8. Refer to the Chart of Accounts for exact worcing of account thes: 3. Post to the ledger, extending the account balance to the appropriate balance column after each posfing Post in chronological order, For transactoons occurring on the same day, post in the order presented in the instructions. Insert the appropriafe posfing revorences in both the joumal and the lodger as each isem is posted. 4. Prepare an ynidkested trial balance of the ledger as of April 30,2019 . 40. Rara saianes and commasions tor the month, $11,y00. 30. Withdiew cash for persorial use, $4,000. 30. Rented land purchased on April 15 to local merchants association for use as a parking lot in May and Juno, during a street rebuiding program; received advanse parment of $10,000. Required: 1. Fecord the Apri 1, 2019, balance of esch acoounf in the apporopiste balance columen of a fourccolumn account, type Balance in the itern section, and select a check mark in the Posting Roference column. 2. Woumafize the transactions for Aprit in a two-column jamal beginning on Page 18 . Aefor to the Chart of Accounts for axact wording of account bties. 3. Past to the indger, extending the actount balance to the appropriafe balance column affer each posting, Post in chronglogicil arder For transactions occurring on the same diy, post in the order presented in the instructions insert the appropriate posting references in both the jourral and the ledger as each item is posfed. 4. Prepare an ynahusted ina baiange of the ledger as of Apnil 30,2019. 5. Assume that the Apri so transaction for salaries and commissions should have been 519 100. (a) Why did the unacjusted triar balance in (4) balance? (b) JoumaEze the correcting entry on April 30 . Use page 20. (Note: Kou will nat be requined to post this entry to the ledger at this nime.) (c) is this error a itanseesilied or eside? Elto Realty acts as an agent in buying, selling, ronting, and managing real estale. The unadiusted trai balance on March 31,2019 , follows: Elto Realty acts as an agent in buying, selling, ronting, and managing real estale. The unadiusted trai balance on March 31,2019 , follows: The following business transactions were comploted by Elite Flealty duting April 2019. Enter the transactions through the 25vd an Page f6 of the fwo-column joumal. Apr. 1 Paid rent on office for month, $6,500, 2. Purchased office supplies on acoount, $2,300. 5. Paid insurance premums, $6,000. 10 Proceived cash from clients on account, $52,300. 15 Purchased land for a future bulding site for $200,000, paying $90,000 in cash and giving a note payable for the remainder. 17 Paid creditors on account. $6,450. 20. Returned a portion of the office supplies purchased on Apri 2, receiving full credit for their cost \$325. 2. Baid attuentivinn mmente et ane The following business transactions were completed by Elite Pealty during April 2019. Entor the transactions through the 2ard an Page 18 of the fwo-column journal. Apr: 1 Paid rent on oftice for month, 56,500 2 Purchased otice supplies on account, $2.300. 5. Paid insurance premiums, $6,000. 10 Roceived cash trom clients on account, 552.300 . 15. Purchased land tor a future building site for $200,000, paying $30,000 in cash and giving a note payable for the remainder, 17 Paid credilors on account, $6,450. 20. Returned a portion of the otfice supplies purchased on April 2, receiving full credit for their cost, \$325, 23 Paid advertising expense, $4,300. Enter the following transactions on Page t9 of the fwo-column joumal: Apr. 27 Discovered an error in computing a commission; received cash from the salesperson for the overparyment, $2,500. 28 Paid aulomobile expense (including rental charges for an automobie), $1,500 29. Paid miscellanecus expenses, $1,400. 30. Recorded reverue eamed and biled to clients during the month, $57,000. 30 Paid salaries and commissions for the month, $11,900. 30 Withdrew cash for personal use, $4,000 Apr. 27 Discovered an error in computing a commission; recelved cash from the salesperson tor the overpayment, 52,500 28. Paid automobile expense (including rental charges tor an automobie), $1,500. 29 Paid miscellaneous experses, $1,400. 30 Fecorded revenue earned and billed to clients during the month, $57,000. 30 Paid salaries and commissions for the month, $11,900. 30 Withdrew cash for personal use, $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. Fecord the April 1, 2019 , balance of each account in the appropriate balance column of a four-column account, type Balance in the ifem section, and select a check mark in the Posting Roference colemn. 2 Joumakge the transactions for Aprit in a fwo-column journal boginning on Page f8. Refer to the Chart of Accounts for exact worcing of account thes: 3. Post to the ledger, extending the account balance to the appropriate balance column after each posfing Post in chronological order, For transactoons occurring on the same day, post in the order presented in the instructions. Insert the appropriafe posfing revorences in both the joumal and the lodger as each isem is posted. 4. Prepare an ynidkested trial balance of the ledger as of April 30,2019 . 40. Rara saianes and commasions tor the month, $11,y00. 30. Withdiew cash for persorial use, $4,000. 30. Rented land purchased on April 15 to local merchants association for use as a parking lot in May and Juno, during a street rebuiding program; received advanse parment of $10,000. Required: 1. Fecord the Apri 1, 2019, balance of esch acoounf in the apporopiste balance columen of a fourccolumn account, type Balance in the itern section, and select a check mark in the Posting Roference column. 2. Woumafize the transactions for Aprit in a two-column jamal beginning on Page 18 . Aefor to the Chart of Accounts for axact wording of account bties. 3. Past to the indger, extending the actount balance to the appropriafe balance column affer each posting, Post in chronglogicil arder For transactions occurring on the same diy, post in the order presented in the instructions insert the appropriate posting references in both the jourral and the ledger as each item is posfed. 4. Prepare an ynahusted ina baiange of the ledger as of Apnil 30,2019. 5. Assume that the Apri so transaction for salaries and commissions should have been 519 100. (a) Why did the unacjusted triar balance in (4) balance? (b) JoumaEze the correcting entry on April 30 . Use page 20. (Note: Kou will nat be requined to post this entry to the ledger at this nime.) (c) is this error a itanseesilied or eside