On October 31, the following data were accutnulated to assat the accountant in preparing the adjusting entries for Bickle Realty: The supphies account balatice on Oetober 31 is 58,125 . The supplief on hand on october 31 are 31,150. The unearned rent accoumt balance on 0 ctober 31 is 57,000 representing the receipt of an advance payment on October 1 of four montha' rent from tenants. Wages acerued but noc paid at October 31 aro $3.500. Fees acerued bat unbilled at october 31 are 524,000 Depreciation of office equipmentis is ssoon 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. Bepreciation of office equipment is $3,000. INSTRUCTIONS 1. Journalize the adjusting entries required at October 31. 2. Briefly explain the difference between adjusting entries and entries that would be made to correct errors