General Joumal Instructions Refer to the Chart of Accounts for exact wording of account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. On October 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Bickle Really. - The supplies account balance on October 31 is $5,450. The supplies on hand on October 31 are $1,460 - The unearned rent account balance on October 31 is $4,700 representing the receipt of an advance payment on October 1 of four months' rent trom tenants: - Wages accrued but not paid at October 31 are $2,375 - Fees accrued but untilled at October 31 are 518,920 - Dencecatica of oflice equipment is \$4,965 Required: 1. Joumalice the adjusting entries reguired at October 3 if 2. What is the difterence between adusting entries and correcting entres? 1. Joumalize the adjusting entres required at October 31 . 2 What s the deference between adiusting entries and correcting entries? Bah aduiting entret and correcting entries are not a planned part of the accounting process fati it in thy entier and correcting enties are a panhed part of the accounting process AGasting enthes are a planned parf of the accounting process. correcting entries are not planned but arise when necessary to correct errors Bickle Realty General Ledger ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Office Equipment 17 Accumulated Depreciation-Office Equipment LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Wages Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends REVENUE 41 Fees Earned 42 Rent Revenue EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Wages Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense