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Chapter 2 mansging real estate. The PR 2-4A Journal entries and 4 Total of Debit column Elite Realty acts as an agsn 2018, fol 532.325 trial balance on March 31, 2o15. DebitCre 61,500 3,000 1,800 12 16 21 Prepaid Insurance.. Office Suppies Accounts Payable Unearned Rent Notes Payable 23 31 32 41 51 52 Retained Earnings Fees Earned Salary and Commission Expense.. Rent Expense Advertising Expense. Automobile Expense.. Miscelaneous Expense. 148.200 30,000 17,800 5,500 3,900 The following business transactions were completed by Elite Realty during April 2018 Apr. 1. Paid rent on office for month $6,500 2 Purchased office supplies on account, $2.300 5. Paid insurance premiums $6.000. 10 Received cash from clients on account, 552,300. 15. Purchased land for a future building site for $200,000, paying $30,000 in cash and giving a note for the remainder 17, Paid creditors on account, 56,450. 20 Returned a portion of the office supplies purchased on April 2, receiving full credit for their 23. Paid advertising expense, $4,300. cost, $325 Enter the following transactions on Page 19 of the two-column journal recelved cash from the salesperson for the Discovered an error in computing a commissiong overpayrment, $2,500 Paid automobile expense Including rental charges for an automobile), $1,500. 27. 28. 29. Paid miscellaneous expenses, $1,400. Recorded revenue earned and billed to clients during the month, $57,000. Pr 30. 30. Paid salaries and commissions for the month, $11,900 30. Paid dividends $4,000. 30. Rented land purchased on Apil 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. V3. Tot Instructions 1. Record the April 1, 2018, balance of each account in the appropriate balance column of a four-column account, write Balance in the item section, and place a check mark () in 2. Journalize the transactions for April in a two-column journal beginning on Page 18. Joun 3. Post to the ledger, extending the account balance to the appropriate balance column atie 4. Prepare an unadjusted trial balance of the ledger as of April 30, 2018. Posting Reference column entry explanations may be omitted. each posting. Assume that the April 30 transaction for salaries and commissions should have been (A) Why did the unadjusted trial balance in (4) balance? (B) Journalize the correcting (C) Is this error a transposition or slide? 5. entry