On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty: a. Fees accrued but unbilled at May 31 are $13,690. b. The supplies account balance on May 31 is $4,500. The supplies on hand at May 31 are $1,290. c. Wages accrued but not paid at May 31 are $1,720. on May 1 of three months' rent from tenants. e. Depreciation of office equipment is $2,290 Required: at May 31 ournalize the adjusting entries May 31 31 31 31 31 31 ch 31 What is the difference between adjusting entries and correcting entries? a. Both adjusting entries and correcting entries are a planned part of the accounting process. b. Adjusting entries are a planned part of the accounting process, correcting entries are not planned but arise when necessary to correct errors. c. Both adjusting entries and correcting entries are not a planned part of the accounting process d. Correcting entries are a planned part of the accounting process, adjusting entries are not planned but arise when necessary to adjust errors. The