On March 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Potomac Realty The supplies account balance on March 31 is $5,450, the supplies on hand on March 31 are $1,460 The unearned rent account balance on March 31 is $4,700 representing the receipt of an advance payment on March 1 of four months' rent from tenants Wages accrued but not paid at March 31 are $2.375 Fees accrued but unbilled at March 31 are $18.920 Depreciation of office equipment is $4,965 Required: 1. Journalize the adjusting entries required at March 31. Refer to the Chart of Accounts for exact wording of account titles 2. What is the difference between adjusting entries and correcting entries?