pls use chart

10 pts Question 3 Prepare the December 31 adjusting entries and correcting entries based on the following information. Omit explanations. Adjusting Entries: 1. Rent expired during year, $10,000. 2. Fees accrued but unbilled total $20,000. 3. The supplies account balance on December 31 is $3,100. Supplies on hand are $1,150. Correcting Entries: 4. A receipt of $15,000 for services performed was erroneously recorded and posted as a debit to Fees Earned and a credit to Cash. 5. A purchase of Equipment with cash for $50,000 was erroneously recorded and posted as a debit to Supplies for $500,000 and a credit to cash for $500,000. Format: Please use the provided Chart of Accounts for appropriate account names (do not use account numbers, just names). Enter debits and credits as WHOLE NUMBERS WITH COMMAS! NO DECIMALS POINTS OR DOLLAR SIGNS! Date Account Name Debit Credit Dec 31 #1 Dec 31 #2 Exit Dec 31 #2 Dec 31 #3 Dec 31 #4 Dec 31 #5 Assets: Liabilities: 110 Cash 210 Accounts Payable 120 Accounts Receivable 220 Notes Payable 125 Notes Receivable 225 Interest Payable 130 Prepaid Insurance 230 Unearned Fees 135 Prepaid Rent 240 Wages Payable 140 Inventory 245 Salaries Payable 150 Supplies 250 Customer Refunds Payable 160 Equipment Stockholder's Equity: 165 Machinery 310 Common Stock 170 Allowance for Doubtful Accounts 315 Preferred Stock 175 Accumulated Depreciation 320 Retained Earnings 176 Estimated Returns Inventory 330 Cash Dividends 335 Stock Dividends 340 Paid In Capital in Excess of Par 410 Fees Earned 415 Sales 420 Rent Revenue 430 Gain on Sale 431 Loss on Sale 435 Cash Short/Over 505 Cost of Goods Sold 510 Rent Expense 520 Wages Expense 525 Interest Expense 530 Insurance Expense 540 Depreciation Expense 550 Supplies Expense 560 Utilities Expense 570 Bad Debt Expense 580 Delivery Expense 590 Miscellaneous Expense