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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
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, $3,000. 28 Paid automobile expense (including rental charges for an automobile), $1,600. 29 Paid miscellaneous expenses, $1,200. ) Recorded revenue earned and billed to clients during the month, $56,000. 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 rebuilding program; received advance payment of $9,200. 1. Record the April 1, 20Y3, balance of each account in the appropriate balance column of a four-column 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 . 3. Post to the ledger, extending the account balance to the appropriate balance column after each posting. 4. Prepare an unadjusted trial balance of the ledger as of April 30, 20 Y 3. 5. Assume that the April 30 transaction for salaries and commissions should have been $16,500. (a) Why did the unadjusted trial 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 time.) (c) is this error a transposition or slide
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