G PR 3-1A Adjusting entries cel ow ow OBJ. 2, 3, 4 On December 31, the following data were accumulated for preparing the adjusting entries for Bellingham Realty: . . The supplies account balance on December 31 is $1,375. The supplies on hand on December 31 are $280. The unearned rent account balance on December 31 is $9,000 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 $3,220. Fees earned but unbilled at December 31 are $18,750. Depreciation of office equipment is $2,900. Instructions 1. Journalize the adjusting entries required at December 31. 2. Briefly explain the difference between adjusting entries and entries that would be made to correct errors