[The following information applies to the questions displayed below.]

The unadjusted trial balance as of December 31, 2016, for the Bagley Consulting Company appears below. December 31 is the companys fiscal year-end.

Account Title	Debits	Credits
Cash	7,950
Accounts receivable	6,000
Prepaid insurance	2,400
Land	175,000
Buildings	40,000
Accumulated depreciationbuildings		16,000
Office equipment	72,000
Accumulated depreciationoffice equipment		28,800
Accounts payable		26,400
Salaries and wages payable		0
Deferred rent revenue		0
Common stock		170,000
Retained earnings		43,800
Sales revenue		71,500
Interest revenue		2,600
Rent revenue		3,000
Salaries and wages expense	25,000
Depreciation expense	0
Insurance expense	0
Utility expense	17,700
Maintenance expense	16,050
Totals	362,100	362,100

a.	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, $1,200.
d.	Accrued salaries and wages at year-end, $900.
e.	Deferred rent revenue at year-end should be $450.

1.	From the trial balance and information given, prepare adjusting entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

	Post the beginning balances and adjusting entries into the appropriate t-accounts. (Enter the letter of the transaction in the column next to the amount.)

3.	Prepare an adjusted trial balance.

4.	Prepare closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

5.	Prepare a post-closing trial balance.