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question chapter 2 anayans mansging real estate the pr 2 4a journal entries and tria 4280709


Chapter 2 Anayans mansging real estate. The PR 2-4A Journal entries and trial 4 Total of Debit columre Elite Realty acts as an aet 2 olleows Elite 32325 trial balance on March 31, 2o15. 61,500 3,000 1,800 Office Suppies Accounts Payable Unearned Rent Notes Payable 2.000 360 Retained Earnings 148.200 90000 51 Fees Earned Salary and Commission Expense. Rent Expense Advertising Expense. Automobile Expense.. Miscellaneous Expense… 17,800 3,900 300.000 The followving 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 s. Paid insurance premiums, $6,00 10 Received cash from clients on account, $52,300. 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. cost, S325. 20 Returned a portion of the office supplies purchased on April 2, receiving full credit for their 23. Paid advertising expense, $4,300. Enter the following transactions on Page 19 of the two-column journal 27. Discovered an error in computing a commissionç received cash from the salesperson for the overpayment, $2,500 28. Paid automobile expense Including rental charges for an automobile), $1,500. 29. Paid miscellaneous expenses, 51,400 30. Recorded revenue earned and billed to clients during the month, $57,000. 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 Pr June, during a street rebuilding program; received advance payment of $10,000. v3. Tot 1. Record the April 1, 2018, balance of each account in the appropriate balance column of four-column account, write Balance in the item section, and place a check mark () im 2. Journalize the transactions for April in a two column journal beginning on Page 18.Jounal 3. Post to the ledger, extending the account balance to the appropriate balance column alle 4. Prepare an unadjusted trial balance of the ledger as of April 30, 2018. Posting Reference column entry explanations may be omitted each posting. 5. 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? been $19,10

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