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Business, 25.02.2021 19:30 jamesgotqui6

The following business transactions were completed by Elite Realty during April 2014: 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, $52,300.
15. Purchased land for a future building site for $200,000, paying $30,000 in cash and giving a note payable for the remainder.
17. Paid creditors on account, $6,450.
20. Returned a portion of the office supplies purchased on April 2, receiving full credit for their cost, $325.
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 commission; 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, $1,400.
30. Recorded revenue earned and billed to clients during the month, $57,000.
30. Paid salaries and commissions for the month, $11,900.
30. Withdrew cash for personal use, $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 $10,000.

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