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please complete A,B,C,D,E Comprehensive Problem Bagley Consulting Company prepared the following Unadjusted Trial Balance as of December 31 (the company's year end). Additional information: 1.
please complete A,B,C,D,E
Comprehensive Problem Bagley Consulting Company prepared the following Unadjusted Trial Balance as of December 31 (the company's year end). Additional information: 1. The buildings have an estimated useful life of 50 years with no salvage value, and the company uses straight line depreciation. 2. Each year, 10% of the office equipment's onginal cost is depreciated. 3. Insurance was paid on January 1 of the current year for a three-year policy. 4. On December 31, the company owes $1,500 in salaries to employees. 5. You find out that rent revenue includes $1,200 that will not be earned until March of the next year. Prepare the following: A. Adjusting journal entries for Bagley Consulting Company as of December 31 . B. Post your joumal entrice in t-accounts. C. Adjusted trial balance D. Closing entries E. Post-closing trial balance Step by Step Solution
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