djusting Entries On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty a. Fees accrued butunbilled at May 31 are $9,150. b. The supplies account balance on May 31 is $3,010. The supplies on hand at May 31 are $860. Wages accrued but not paid at May 31 are $1,150 d. The uneamed rent account balance at May 31 is $8,970, representing the receipt of an advance payment on May 1 of three months' rent from tenants e Depreciation of office equipment is $1,530. Required: Journalize the adjusting entries required at May 31. May 31 31 31 My 31 31 > > > > > > DI [ 0 31 O O O OOO 31 What is the difference between adjusting entries and correcting entrie? Both adjusting entries and correcting entries are a planned part of the accounting pronto b. Adjusting entries are planned part of the accounting proces, correcting the annot planned but when necesary to corrections cloth adjusting entries and correcting entries are not a planned part of the accounting proces d. Correcting entries are planned part of the accounting process, adjusting entries are not planned but arise when necessary to adoro