en AC Wallace State Community Coll. Chapter 3 Study Guide - BUS2.. signment/takeligmentMandolinvoker: Calculator Adjusting entries Instructions Chart of Accounts Journal Final Question Instructions On March 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Potomac Realty The supplies account balance on March 31 is $5,620, the supplies on hand on March 31 are $1,290 The unearned rent account balance on March 31 is $5,000 representing the receipt of an advance payment on March 1 of four tenants Wages accrued but not paidat March 31 are 52.290 Fees accrued but unbilled at March 31 are $16,825 Decretion of office equipment is $4,600 Required: 1. Journalze the adjusting entries required af March 31. Refer to the Chart of Accounts for exact wording of account titles 2. What is the difference between acusting entries and correcting entries? All work saved. Journal Chart of Accounts structions Final Question tructions Chart of Accounts Journal Adjusting Entries Mar. 31 Mar. 31 Wages Expense Mar 31 Fees Earned Mar 31 Depreciation Expense All work saved Onlinete Journal Final Question Chart of Accounts OURNAL DESTION Mar 31 POSTRE PAGE 1 ACCOUNTING EQUATION ASSETS 1 Wages Experte Mr.51 Fees Earned Mar 31 Depreciation Expense LABILITIES EQUITY