Question: need to help double checking my work On March 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for

need to help double checking my work
need to help double checking my work On March 31, the following
data were accumulated to assist the accountant in preparing the 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 55,450, the supplies on hand on March 31 are $1.460 The uneared rent account balance on March 31 is $4700 representing the receipt of an advance payment on March 1 of four months' rent from tenants Wages accrued but not paid at March 31 ara 52,375 Fees accrued but unbited at Match 31 are $18.920 Depreciation of office equipment is 54 985 Required: Journaltee the adjusting entries required ar March 3 Refer to me Chart of Accounts for exact wording of accounting 2. What is the difference between adusting entries and correcting entries? DATE DESCRIPTION POST HEF DERIT CREDIT ASSETS LIABILITIES Adjusting Entries 5.620.00 Mar. 31 Supplies Expense Supplies Mar. 31 Unearned Rent 4.700.00 Rent Revenue Mat 31 Wages Expense Wages Payable Mar 31 Accounts Receivable Feet Eamed Mar. 31 Depreciation Experte Accumulated Depreciation Office Equipment Previous

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