Please help me to fill out this table
Instructions 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 35,835, the supplies on hand on March 31 are $1.495 The unearned rent account balance on March 31 is $4,600 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 $2.035 Fees accrued but unbilled at March 31 are $15.450 Dereciation of office equipment is sehso. 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? structions Chart of Accounts CHART OF ACCOUNTS Potomac Realty Genersi Ledger ASSETS REVENUE 41 Fees Earned 42 Rent Revenue 11 Cash 12 Accounts Recevable 13 Supplies 14 Prepaid Insurance 15 Land 16 Ofice Equipment 17 Accumulated Depreciation Office Equipment EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Wages Expense 55 Supplies Expense LIABILITIES instructions Chart of Accounts OF 17 Accumulated Depreciation Office Equipment LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Wages Payable 24 Taxes Payable 53 Rent Expense 54 Wages Expense 55 Supplies Expense 58 Uslities Expense 57 Depreciation Expense 59 Miscellaneous Expense EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Journal All transactions on this page must be entered (except for post ref(s) before you will receive Check My Work feedback Shadedoelshave feedback JOURIGAL Score: 0/126 DATE ACCOUNTING EQUATION DESCRIPTION Adjusting Entries POST REE DEBIT CREDIT EQUITY Cash 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 $5,635, the supplies on hand on March 31 are $1,495. The unearned rent account balance on March 31 is $4,600 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 $2,035 Fees accrued but unbilled at March 31 are $15.450 Depreciation of office equipment is $4,420 De Required: 1. Journalize the adjusting entries required at March 31. Refer to the Chart of Accounts for exact wording of accounts 2 What is the difference between adjusting entries and correcting entries? CHART OF ACCOUNTS Potomac Realty General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 42 Rent Revenues 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance EXPENSES 15 Land 51 Advertising Expense 52 Insurance Expense 16 Office Equipment 17 Accumulated Depreciation Office Equipment 53 Rent Expense 54 Wages Expense 16 Office Equipment 52 Insurance Expense 17 Accumulated Depreciation Office Equipment 53 Rent Expense 54 Wages Expense LIABILITIES 55 Supplies Expense 21 Accounts Payable 22 Unearned Rent 56 Utilities Expense 57 Depreciation Expense 23 Wages Payable 59 Miscellaneous Expense 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends HUGU 1. Journalize the adjusting entries required on March 34. Refer to the Chart of Accounts for exact wording of account titles All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. JOURNAL Score: 0/126 AC DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS Adjusting Entries Cash 3 Shaded cells have feedback Se adjusting entries required on March 31. Refer to the Chart of Accounts for exact wording of account titles ons on this page must be entered (except for postreffs) before you will receive Check My Work feedback. PAGE 10 JOURNAL Score: 0/126 ACCOUNTING EQUATION DESCRIPTION POST. REF DEBIT CREDIT LABILITIES EQUITY Adjusting Entries Cash Previou y Work Journal Shaded cells have feedback Adjusting Entries 2 Cash 5 5 6 10 11
