On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty:• Fees accrued but unbilled at May 31 are $19,750.• The supplies account balance on May 31 is $12,300. The supplies on hand at May 31are $4,150.• Wages accrued but not paid at May 31 are $2,700.• The unearned rent account balance at May 31 is $9,000, representing the receipt of an advance payment on May 1 of three months’ rent from tenants.• Depreciation of office equipment is $3,200. Instructions 1. Journalize the adjusting entries required at May 31.2. Briefly explain the difference between adjusting entries and entries that would be made to correct errors.

On January 2, Good Dog Mart prepaid $22,080 rent for the year and recorded the prepayment in an asset account. Journalize the January 31 adjusting entry for rent expense. If an amount box does not require an entry, leave it blank. January 31

Prepare the adjusting entries for the following situations:A. The supplies account balance on December 31, 2021 is $1,475. Actual supplies on hadat the end of the year was 350. Prepare the adjusting entry.B. Depreciation for the year is $7,200. Please prepare the adjusting entry.C. Fees earned but not yet billed totaled $23,750.D. Wages accrued but not paid at year end was $15,680.E. Unearned revenue had a balance of $6,900, at the end of the year you have earned$4,300. Please make the adjusting entry. 2. After the accounts have been adjusted at January 31, the end of the year, the followingbalances are taken from the ledger of Harrison's Dog Walking Service Company: Harrison Taylor, Capital $349,000Harrison Taylor, Drawing 6,000Fees Earned 124,600Wages Expense 29,000Rent Expense 43,000Supplies Expense 7,300Miscellaneous Expense 5,700

The balance in the unearned fees account, before adjustment at the end of the year, is $14,310.   Required:   Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $7,560. Refer to the Chart of Accounts for exact wording of account titles.

The balance in the prepaid rent account before adjustment at the end of the year is $15,764, which represents 9 months' rent paid on December 1. The adjusting entry required on December 31 is Oa. debit Rent Expense, $1,752; credit Prepaid Rent, $1,752 Ob. debit Prepaid Rent, $14,012; credit Rent Expense, $1,752 Oc. debit Rent Expense, $14,012; credit Prepaid Rent, $1,752 Od. debit Prepaid Rent, $1,752; credit Rent Expense, $1,752

On June 1, 20Y2, Herbal Co. received $33,600 for the rent land for 12 months. Journalize the adjusting entry required for uneared rent on December 31, 20Y2. Refer to the Chart of Accounts for exact wording of account titles.

Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. A. supplies actual count at year end, $6,500 B. remaining unexpired insurance, $6,000 C. remaining unearned service revenue, $1,200 D. salaries owed to employees, $2,400 E. depreciation on property plant and equipment, $18,000

The balance in the unearned fees account, before adjustment at the end of the year, is $96,470. Of these fees, $84,165 have been earned. In addition, $36,205 of fees have been earned but have not been billed. Journalize the December 31 adjusting entries (a) to adjust the unearned fees account and (b) to record the accrued fees. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

Marsteller Properties Inc. owns apartments that it rents to university students. At December 31,2019, the following unadjusted account balances were available:                                        The following information is available for adjusting entries:a. An analysis of apartment rental contracts indicates that $3,800 of apartment rent is unbilledand unrecorded at year end.b. A physical count of supplies reveals that $1,400 of supplies are on hand at December 31, 2019.c. Annual depreciation on the buildings is $204,250.d. An examination of insurance policies indicates that $12,000 of the prepaid insurance applies to coverage for 2019.e. Six months’ interest at 9% is unrecorded and unpaid on the notes payable.                                                                                            f. Wages in the amount of $6,100 are unpaid and unrecorded at December 31.g. Utilities costs of $300 are unrecorded and unpaid at December 31.h. Income taxes of $5,738 are unrecorded…

On December 31, the following data were accumulated for preparing the adjusting entries for Flagship Realty: • The supplies account balance on December 31 is $5,450. The supplies on hand on December 31 are $1,460. • The unearned rent account balance on December 31 is $4,700 representing the receipt of an advance payment on December 1 of five months’ rent from tenants. • Wages accrued but not paid at December 31 are $2,375. • Fees earned but unbilled at December 31 are $18,920. • Depreciation of office equipment is $4,965.     Required: 1. Journalize the adjusting entries required at December 31. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. 2. What is the difference between adjusting entries and correcting entries?…