nting cycle; sted trial e through The unadjusted trial balance as of December 31. 2018, for the Bagley Consulting December 31 is the company's fiscal year-end. Account Title Credits Debits Cash 3, LO2-5 8,000 9,000 3,000 200,000 50,000 Accounts receivable Prepaid insurance Land Buildings Accumulated depreciation-buildings 20,000 Office equipment Accumulated depreciation-office equipment 100,000 40,000 35,050 Accounts payable Salaries and wages payable Deferred rent revenue Common stock Retained earnings Sales revenue Interest revenue Rent revenue Salaries and wages expense Depreciation expense 200,000 56,450 90,000 3,000 7,500 37,000 Insurance expense Utility expense Maintenance expense 30,000 15,000 452,000 Totals 452,000 Required: I. Enter the account balances in T-accounts. 2. From the trial balance and information given, prepare adjusting entries and post to the accounts. a. The buildings have an estimated useful life of 50 years with no sa lvage value. The company uses the straight-line depreciation method b. The office equipment is depreciated at 10 percent of original cost per year c. Prepaid insurance expired during the year, $1,500 d. Accrued salaries and wages at year-end, $1,500. e. Deferred rent revenue at year-end should be $1,200. 3. Prepare an adjusted trial balance. 4. Prepare closing entries. 5. Prepare a post-closing trial balance