HOW ME ON CE TEMPLATE . . Obj. 2, 3, 4 PR 3-1A Adjusting entries 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 months' rent from tenants Wages accrued but not paid at March 31 are $2,290 Fees accrued but unbilled at March 31 are $16,825 Depreciation of office equipment is $4,600 Instructions 1. Journalize the adjusting entries required at March 31 2 Briefly explain the difference between adjusting entries and entries that would be made to correct errors