PR 2-4A Journal entries and trial balance OBJ. 1, 2, 3,4 Elite Realty acts as an agent in buying, selling, renting, and managing real estate. The unadjusted trial balance on March 31, 2016, follows Elite Realty Unadjusted Trial Balance March 31, 2016 Debit Balances Balances Credit 11 Cash ..26,300 3,000 1,800 14,000 23 Notes Payable 2000 46000 48,200 30,000 17,800 5,500 32 Lester Wagner, Drawing 1 Fees Earned 240,000 52 Rent Expense.... 300,000 300,000