adjusting entries

On May 31, the following data were accumulated to assist the accoontant in preparing the adjusting entries for Oceanside Realty: - Fees accrued but unbilled at May 31 are $7,790. - The supplies account balance on May 31 is $2,560. The supplies on hand at May 31 are $730. - Wages accrued but not paid at May 31 are $980. - The uneamed rent account balance at May 31 is $7,620, representing the receipt of an advance payment on May 1 of three monthe' rent from tenants - Depreciation of office equipment is $1,300. Required: 1. Joumalize the adjusting entries required at May 31 . If an amount box does not require an entry, leave it blank. 2. What is the difference between adjusting entries and correcting entries? a. Both adjusting entries and correcting entries are a planned part of the occounting process: b. Adjusting entries are o planned part of the accounting process, correcting entries are not planned but arise when necessary to correct errors. c. Both adjusting entries and correcting entries are not a planned part of the accounting process. d. Correcting entries are a planned part of the accounting process, odjusting entries.are not planned but arise when necessary to adjust ecrors