December 31 are $280. The unearned rent account balance on Decembel of an advance payment on December 1 of four months' rent !IU Wages accrued but not paid at December 31 are $3,220. Fees earned but unbilled at December 31 are $18,750. Depreciation of office equipment is $2,900. .The supplies Instructions 1. J that wok ournalize the adjusting entries required at December 31. Briefly explain the difference between adjusting entries and ent be made to correct errors. OBJ.2,3,4 PR 3-2A Adjusting entries Selected account balances before adjustment for A of the current year, are as follows Atlantic Coast Realty at July 31. the end Credits Debits $ 75,000 345,700 Accounts Receivable Equipment Accumulated Depreciation-Equipment Prepaid Rent Supplies Wages Payable Unearned Fees Fees Earned Wages Expense Rent Expense Depreciation Expense $112,500 9,000 3,350 12,000 660,000 325,000 Supplies Expense Data needed for year-end adjustments are as follows: Unbilled fees at July 31, $11,150. Supplies on hand at July 31, $900. Rent expired, $6,000 . Depreciation of equipment during year, $8,950. Unearned fees at July 31, $2,000. . Wages accrued but not paid at July 31, $4,840