oter 3 The Adjusting Process ms: Series A OBJ. 2, 3,4 PR 3-1A Adjusting entries n 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. 2Briefly explain the difference between adjusting entries and entries that would be made to correct errors