13,000 3,000 600 3,250 Laundry Supplies Expense 3,250 350000 350,000 358.000 351.000 358,000 351,000 $3,600 of insurance expired during the year ms: Series A PR 3-1A Adjusting entries On March 31, the following data were accumulated to assist the accountant in preparing the Obj. 2, 3, 4 LATE adjusting entries for Potomac Realty: The supplies account balance on March 31 is $5,620. The supplies on hand on March 31 are $1,290. . The unearned rent account balance on March 31 is $5,000 representing the receipt of an advance payment on March 1 of four months' rent from tenants. . Wages accrued but not paid at March 31 are $2,290 .Fees accrued but unbilled at March 31 are $16,825 Depreciation of office equipment is $4,600 Instructions 1. Journalize the adjusting entries required at March 31. 2. Briefly explain the difference between adjusting entries and entries that would be made to correct errors. PR 3-2A Adjusting entries Obj. 2, 3, 4,5