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The unadjusted trial balance as of December 31, 2018, for the Bagley Consulting Company appears below. December 31 is the companys fiscal year-end. THE ANSWER

The unadjusted trial balance as of December 31, 2018, for the Bagley Consulting Company appears below. December 31 is the companys fiscal year-end.

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the answer missing could be anywhere in the assignment from required 1 to required 5

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Account Title Debits Credits Cash 8,000 9,000 3,000 200,000e 50,000 Accounts receivable Prepaid insurance Land Buildings Accumulated depreciation-buildings Office equipment Accumulated depreciation-office equipment Accounts payable Salaries and wages payable Deferred rent revenue 20,000 100,000 40,000 35,050 Common stock 200,000 56,450 Retained earnings Sales revenue 90,000 3,000 7,500 Interest revenue Rent revenue Salaries and wages expense Depreciation expense Insurance expense Utility expense Maintenance expense 37,000 30,000 15,000 452,000 452,000 Totals 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, $1,500 d. Accrued salaries and wages at year-end, $1,500 e. Deferred rent revenue at year-end should be $1,200. Required 1. From the trial balance and information given, prepare adjusting entries 2. Post the beginning balances and adjusting entries into the appropriate t-accounts. 3. Prepare an adjusted trial balance. 4. Prepare closing entries. 5. Prepare a post-closing trial balance. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Requred 2 Required 3 Requed 4 Required 5 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.) Debit Transaction General Journal Credit Depreciation expense 1,000 1,000 Accumulated depreciation-buildings 10,000 Depreciation expense 10,000 Accumulated depreciation-office equipment Insurance expense 1,500 1,500 Prepaid insurance 4 Salaries and wages expense 1,500 1,500 Salaries and wages pavable 1,200 Rent revenue Deferred rent revenue 1,200 Required 3 Required 4Required 5 Required 1Required 2 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.) Accounts Receivable Cash Beg bal 9,000 Beg bal 8,000 Beg bal 9,000 End bal 8,000 Land Prepaid Insurance Beg bal 200,000 Beg bal 3,000 1,500 C End hal 200,000 End hal 1,500 Land Prepaid Insurance Beg bal 200,000 Beg bal 3,000 1,50 . End bal 200,000 End bal 1,500 Office Equipment Buildings Beg bal 100,000 Beg bal 50,000 End bal 100,000 End bal 50,000 Accumulated Depreciation-Office Equipment Accumulated Depreciation-Building Beg bal 40,000 Beg bal 020,000 10,000b 1,000 a End bal 50,000 End bal 21,000 Salaries and Wages Payable Accounts Payable Beg bal Beg bal 035,050 1,500d End bal 1,500 35,050 bal Common Stock Deferred Rent Revenue 0200,000 Beg bal Beg bal 01,200 e End bal 200,000 End bal 1,200 Sales Revenue Retained Earnings 90,000 O Beg bal Beg bal 056,450 End bal 90,000 End bal 56,450 Rent Revenue Interest Revenue Beg bal 07,500 03,000 o Beg bal 1,200 End bal 6,300 End bal 3,000 Depreciation Expense Salaries and Wages Expense Beg bal Beg bal 37,000 10,000 1,500 End bal 10,000 End bal 38,500 Utility Expense Insurance Expense Beg bal 30,000 Beg bal 1,500 C. End bal 30,000 End bal 1,500 Maintenance Expense Beg bal 15,000 End bal 15,000 Required 3 > Required 1 Required Required 2 Required 3 Required 4 Required5 Prepare an adjusted trial balance BAGLEY CONSULTING COMPANY Adjusted Trial Balance Account Title Debits Credits 8,000 Cash Accounts receivable 9,000 1,500 Prepaid insurance Land 200,000 Buildings 50,000 Accumulated depreciation-buildings $ 21,000 100,000 Office equipment 50,000 Accumulated depreciation-office equipment Accounts payable 35,050 Salaries and wages payable 1,500 1.200 ..200,000 Deferred rent revenue Common stock 56,450 Retained earnings 90,000 Sales revenue Interest revenue 3,000 Rent revenue 6,300 Salaries and wages expense 38,500 Depreciation expense 11,000 1,500 nsurance expense Utility expense 30,000 15,000 Maintenance expense Totals $ 464,500 S 464,500 Required 1 Required 2 Required 3 Required 4 Required5 Prepare closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Date General Journal Debit Credit 90,000 3,000 6,300 December 31, 2018 Sales revenue Interest revenue Rent revenue 99,300 ncome summarv 96,000 December 31, 2018 Income summary Depreciation expense 11,000 Salaries and wages expense 38,500 1,500 nsurance expense 15,000 Maintenance expense Utility expense 30,000 3,300 01 I 330001 3 December 31, 2018 Income summary Retained earnings Required 5x Required 3 Required Required 2 Required 3 Required 4 Required 5 Prepare a post-closing trial balance BAGLEY CONSULTING COMPANY Post-Closing Trial Balance Account Title Debits Credits Cash 8,000 9,000 Acco unts receivable 1,500 Prepaid insurance Land 200,000 Buildings 50,000 21,000 Accumulated depreciation-buildings Office equipment 100,000 50,000 Accumulated depreciation-office equipment 35,050 Accounts payable Salaries and wages payable 1,500 1,200 Deferred rent revenue Common stock 200,000 Retained earnings 59,750 8 $ 368,500 368,500 Totals Required 5 Required 4

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