1. Joumadze the adjusting entres required on March 31 Refer to the Chart of Accounts for exact wording of account titles 2. What is the difference between adjusting entries and correcting entries? Correcting entries are a planned part of the accounting process, adjusting entries are not planned but arise when necessary to adjust errors. Both adjusting entres and correcting entries are not a planned part of the accounting process Adfusting entries are a planned part of the accounting process, correcting entries are not plannod but arise when necessary to correct errors. Both adjusting entries and correcting entries are a planned part of the accounting process On March 31 , the following data were accumulated to assist the accountant in preparing the adjusting contries for Polomac Revily - The supplies account balance on March 31 is $5,635, the supplies on hand on March 31 are $1,455. - The uneamed rent account balance on March 31 is $4,000 representing the receipt of an advarnce payment on March 1 of four nonths' rent from tenants - Wages accrued but not paid at March 31 are $2,035 - Fees accrued but unbilled at March 31 are $15,450 - Depreciabon of ofice equipment is $4,420. Required: 1 Joumakze the adjustng entries requied at March 31. Refer to the Charf or Accounts for exact worting of account fites 2 What is the dfflerence behween adfusting entries and correcting enties