a.	The supplies account balance on March 31 is $5,450, the supplies on hand on March 31 are $1,460.
b.	The unearned rent account balance on March 31 is $4,700 representing the receipt of an advance payment on March 1 of four months rent from tenants.
c.	Wages accrued but not paid at March 31 are $2,375.
d.	Fees accrued but unbilled at March 31 are $18,920.
e.	Depreciation of office equipment is $4,965.

	Required:
1.	Journalize the adjusting entries 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? Adjusting entries are a planned part of the accounting process, correcting entries are not planned but arise when necessary to correct errors. Both adjusting entries and correcting entries are a planned part of the accounting process. Correcting entries are a planned part of the accounting process, adjusting entries are not planned but arise when necessary to adjust errors. Both adjusting entries and correcting entries are not a planned part of the accounting process.