Prepare the December 31 adjusting entries and correcting entries based on the following information. Omit explanations.

Adjusting Entries:

1. Rent expired during year, $10,000.

2. Fees accrued but unbilled total $20,000.

3. The supplies account balance on December 31 is $3,100. Supplies on hand are $1,150.

Correcting Entries:

4. A receipt of $15,000 for services performed was erroneously recorded and posted as a debit to Fees Earned and a credit to Cash.

5. A purchase of Equipment with cash for $50,000 was erroneously recorded and posted as a debit to Supplies for $500,000 and a credit to cash for $500,000.

Date	Account Name	Debit	Credit
Dec 31 #1
Dec 31 #2
Dec 31 #3
Dec 31 #4
Dec 31 #5