On May 31 the following data Where are accumulated to assist the Accountant in preparing the adjusted entries for ocean side realty

- fees accrued but unbilled at May 31 are $19,750

-The supplies account balance on May 31 is $12,300. The supplies on hand May 31 are $4,150

- Wages accrued but not paid at May 31 are $2700

- The unearned rent balance on May 31 is $9000 representing The receipt of an advance payment on May 1st of three months rent from tenants

- Deprecation of office equipment is $3200

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- Heres the question:

1.Journalize the adjusted entries required at May 31st

& 2. briefly explain the difference between adjusting enteries made to correct errors.

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