Instructions

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 $$5,635.$ The supplies on hand on October $31$ are $$1,495.$

The unearned rent account balance on October $31$ is $$4,600$ 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 $$2,035.$

Fees accrued but unbilled at October $31$ are $$15,450.$

Depreciation of office equipment is $$4,420.$

Required:

Journalize the adjusting entries required at October $31.$

What is the difference between adjusting entries and correcting entries?