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  3. on march 31 the following data were accumulated to assist...

Question: on march 31 the following data were accumulated to assist...

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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 $5,620, the supplies on hand on March 31 are $1,290 . The uneamed rent account balance on March 31 is $5,000 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 $2,290 . Fees accrued but unbilled at March 31 are $16,825 Depreciation of office equipment is $4,600 Required: 1 Journalize the adjusting entnes requred at March 31 Refer to the Chart of Accounts for exact wording of account tities 2 What is the difference between adjusting entries and correcting entries?
1 Journalze the adusting entries required at March 31. Refer to the Chart of Accouts for exact wording of account bries Question not attempted PAGE 10 JOURNAL Score: 0,126 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF CREDIT ASSETSLIABILITIES EQUITY Adjusting Entries
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