The unadjusted trial balance as of December $31,2024,$ for the Bags Consulting Company appears below. December $31$ is the

company's reporting year$-$end.

Information necessary to prepare the year$-$end adjusting entries appears below.

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, $$1,550.$

d$.$ Accrued salaries at year$-$end, $$1,200.$

e$.$ Rent to customers who paid in advance has been provided for $$7,400.$

Required:

From the trial balance and information given, prepare adjusting entries.

Post the beginning balances and adjusting entries into the appropriate T$-$accounts.

Prepare an adjusted trial balance.

Prepare closing entries.

Prepare a post$-$closing trial balance.