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.

Account Title Debits Credits

Cash $ $19,150$

Accounts receivable $7,250$

Prepaid insurance $2,900$

Land $205,000$

Buildings $55,000$

Accumulated depreciation$$buildings $ $22,000$

Office equipment $87,000$

Accumulated depreciation$$office equipment $34,800$

Accounts payable $28,150$

Salaries payable $0$

Deferred rent revenue $10,500$

Common stock $220,000$

Retained earnings $46,050$

Service revenue $79,000$

Interest revenue $3,800$

Rent revenue $0$

Salaries expense $30,000$

Depreciation expense $0$

Insurance expense $0$

Utilities expense $20,200$

Maintenance expense $17,800$

Totals $ $444,300$ $ $444,300$

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

The buildings have an estimated useful life of $50$ years with no salvage value. The company uses the straight$-$line depreciation method.

The office equipment is depreciated at $10$ percent of original cost per year.

Prepaid insurance expired during the year, $$1,450.$

Accrued salaries at year$-$end, $$1,150.$

Rent to customers who paid in advance has been provided for $$7,300.$

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.