prepare the december 31 adjusting entries based on following information. omit explanations.

Question 3 10 pts 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 on account 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 COMMASI NO DECIMALS POINTS OR DOLLAR SIGNSI Date Account Name Debit Credit Dec 3181 Accounts Receivabi 10.000 Sales Revenue 10,000 Dec 31 #2 Supplies Expense Dec 31 #2 Supplies Expense Supplies Dec 31 #3 Wages Expenses Wages Payable Dec 31 #4 Depreciation Expen Accumulated Depre Dec 31 #5 Rent Expenses Prepaid Rent