O * Edit & Create Ele: The unadjusted trial balance as of December 31, 2021, for the Bagley Consulting Company appears below. December 31 is the company's reporting year-end. Account Title Credits 6. Debits 8,000 9,000 3,000 200,000 50,000 20,000 100,000 40,000 35,050 -0- Cash Accounts receivable Prepaid Insurance Land Buildings Accumulated depreciation-buildings Office equipment Accumulated depreciation-office equipment Accounts payable Salaries payable Deferred rent revenue Common stock Retained earnings Service revenue Interest revenue Rent revenue Salaries expense Depreciation expense Insurance expense Utilities expense Maintenance expense Totals -0- 200,000 56,450 90.000 3,000 7.500 37,000 -0- 30,000 15,000 452,000 Required: 1. Enter the account balances in T-accounts. 2. From the trial balance and information given, prepare adjusting entries and post to the accounts. The buildings have an estimated useful life of 50 years with no salvage 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, $1,000 d. Accrued salaries at year-end, S1,500. 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