On december 31, the following data were accumulated for preparing the adjusting entries for bellingham realty: • the supplies account balance on december 31 is $5,640, the supplies on hand on december 31 are $1,445.• the unearned rent account balance on december 31 is $5,400 representing the receipt of an advance payment on december 1 of four months’ rent from tenants.• wages accrued but not paid at december 31 are $2,125.• fees earned but unbilled at december 31 are $18,590.• depreciation of office equipment is $4,785.required: 1. journalize the adjusting entries required at december 31. refer to the chart of accounts for exact wording of account titles.2. what is the difference between adjusting entries and correcting entries?

During the year, the delph company had no beginning or ending inventories and it started, completed, and sold only two jobs—job d-75 and job c-100. it provided the following information related to those two jobs: job d-75: molding fabrication total direct materials cost $ 375,000 $ 325,000 $ 700,000 direct labor cost $ 200,000 $ 160,000 $ 360,000 machine-hours 15,000 5,000 20,000 job c-100: molding fabrication total direct materials cost $ 300,000 $ 250,000 $ 550,000 direct labor cost $ 175,000 $ 225,000 $ 400,000 machine-hours 5,000 25,000 30,000delph had no overapplied or underapplied manufacturing overhead during the year. assume delph uses a plantwide overhead rate based on machine-hours.1-a. compute the predetermined plantwide overhead rate.1-b. compute the total manufacturing costs assigned to job d-70 and job c-200.1-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 1-d. what is delph's cost of goods sold for the year? assume delph uses departmental overhead rates based on machine-hours.2-a. compute the predetermined departmental overhead rates.2-b. compute the total manufacturing costs assigned to job d-70 and job c-200.2-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 2-d. what is delph's cost of goods sold for the year?