The unadjusted trial balance as of December 31, 2021, for the Bagley Consulting Company appears below. December 31 is the companys reporting year-end.

Account Title	Debits		Credits
Cash	13,150
Accounts receivable	7,250
Prepaid insurance	2,900
Land	205,000
Buildings	55,000
Accumulated depreciationbuildings			22,000
Office equipment	87,000
Accumulated depreciationoffice equipment			34,800
Accounts payable			28,150
Salaries payable			0
Deferred rent revenue			0
Common stock			220,000
Retained earnings			46,050
Service revenue			79,000
Interest revenue			3,800
Rent revenue			4,500
Salaries expense	30,000
Depreciation expense	0
Insurance expense	0
Utilities expense	20,200
Maintenance expense	17,800
Totals	438,300		438,300

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

1. The buildings have an estimated useful life of 50 years with no salvage value. The company uses the straight-line depreciation method.
2. The office equipment is depreciated at 10 percent of original cost per year.
3. Prepaid insurance expired during the year, $1,450.
4. Accrued salaries at year-end, $1,150.
5. Deferred rent revenue at year-end should be $700.

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.