Book Show Me How Print Item Adjusting entries Instructions Chart of Accounts General Journal Final Question Instructions On October 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Bickle Realty: The supplies account balance on October 31 is $8,125. The supplies on hand on October 31 are $1,150. The unearned rent account balance on October 31 is $7,000 representing the receipt of an advance payment on October 1 of four months' rent from tenants. Wages accrued but not paid at October 31 are $3,500. Fees accrued but unbilled at October 31 are $23,000. Depreciation of office equipment is $3,000. Required: 1. Journalize the adjusting entries required at October 31. 2. What is the difference between adjusting entries and correcting entries?