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, $$1,700.$

d$.$ Accrued salaries at year$-$end, $$1,350.$

e$.$ Rent to customers who paid in advance has been provided for $$7,700.$

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.

Complete this question by entering your answers in the tabs below.

Required $1$

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

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

The buildings have an estimated useful life of $50$ years with no salvage value.

The company uses the straight$-$line depreciation method.

Note: Enter debits before credits.