Business, 27.06.2019 21:40 msandy7

On december 31, the following data were accumulated for preparing the adjusting entries for bellingham realty: • the supplies account balance on december 31 is $5,640, the supplies on hand on december 31 are $1,445.• the unearned rent account balance on december 31 is $5,400 representing the receipt of an advance payment on december 1 of four months’ rent from tenants.• wages accrued but not paid at december 31 are $2,125.• fees earned but unbilled at december 31 are $18,590.• depreciation of office equipment is $4,785.required: 1. journalize the adjusting entries required at december 31. refer to the chart of accounts for exact wording of account titles.2. what is the difference between adjusting entries and correcting entries?

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