1. Joumakze the ad, usting ontries required at March 31. Fefer to the Chart of Accounts for exact wording of account futles; Chart of Accounts Potomac Realty General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Office Equipment 17 Accumulated Depreciation-Office Equipment LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Wages Payable 24 Taxes Payable REVENUE 41 Fees Earned 42 Rent Revenue EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Wages Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 2. What is the difference between adjusting entries and correcting entries? Both adjusting entries and correcting entries are not a planned part of the accounting process. Both adjusting entries and correcting entries are a planned part of the accounting process. Adjusting entries are a planned part of the accounting process, correcting entries are not planned but arise when necessary to correct errors. Correcting entries are a planned part of the accounting process, adjusting entries are not planned but arise when necessary to adjust errors