On October 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Bickle Realty:

	The supplies account balance on October 31 is $8,125. The supplies on hand on October 31 are $1,150.
	The unearned rent account balance on October 31 is $7,000 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 $3,500.
	Fees accrued but unbilled at October 31 are $23,000.
	Depreciation of office equipment is $3,000.

	Required:
1.	Journalize the adjusting entries required at October 31.
2.	What is the difference between adjusting entries and correcting entries?