The following business transactions were completed by Elite Realty during April 2018:

Apr. 1.	Paid rent on office for month, $4,510.
2.	Purchased office supplies on account, $1,170.
5.	Paid annual insurance premiums, $3,250.
10.	Received cash from clients on account, $22,570.
15.	Purchased land for a future building site for $81,300, paying $8,900 in cash
	and giving a note payable for the remainder.
17.	Paid creditors on account, $4,060.
20.	Returned a portion of the office supplies purchased on November 2, receiving
	full credit for their cost, $180.
23.	Paid advertising expense, $1,810.
27.	Discovered an error in computing a commission; received cash from the salesperson
	for the overpayment, $900.
28.	Paid automobile expense (including rental charges for an automobile), $1,350.
29.	Paid miscellaneous expenses, $410.
30.	Recorded revenue earned and billed to clients during the month, $27,080.
30.	Paid salaries and commissions for the month, $6,510.
30.	Paid dividends, $900.
30.	Rented land purchased on November 15 to local merchants association for
	use as a parking lot in December and January, during a street rebuilding program; received advance payment of $2,710.

Required:

Use the attached spreadsheet to complete parts 1 and 3. Click on the Spreadsheet icon to open and save the Excel file to your computer. Your input into the spreadsheet will not be included in your grade in CengageNOW on this problem.

1. Enter the April 1, 2018, balance of each account in the appropriate balance column of a four-column account. The word Balance has been entered in the item section and a check mark () has been placed in the Posting Reference column.

2. Journalize and insert the Posting References for the transactions for April in a two-column journal beginning on Page 18. For a compound transaction, if an amount box does not require an entry, leave it blank.