On December 31, the following data wore accumulated for preparing the equsting entries for Bolingharn Really: The supplies account balance on December 31 is $5,885. The supplies on hand on December 31 are $1,330. The unpamod ront account balance on December 31 is $4,100 representing the receipt of an advance paymont on Docomber 1 of four months' ront from tenants. Wages accrued but not paid at December 31 are $2,030. Focs earned but unbiled at December 31 are $18,000. Depreciation of office equipment is $4,500. Required: 1. Joumatzo the adjusting entries required at December 31. Hefer to the Chart of Accounts for exact wording of account tifos. 2. What is the diference between agusting entries and correcting entries