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	10,250
Accounts receivable	6,250
Prepaid insurance	2,500
Land	180,000
Buildings	42,500
Accumulated depreciationbuildings			17,000
Office equipment	75,000
Accumulated depreciationoffice equipment			30,000
Accounts payable			26,750
Salaries payable			0
Deferred rent revenue			0
Common stock			180,000
Retained earnings			44,250
Service revenue			73,000
Interest revenue			2,800
Rent revenue			3,300
Salaries expense	26,000
Depreciation expense	0
Insurance expense	0
Utilities expense	18,200
Maintenance expense	16,400
Totals	377,100		377,100

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, $1,250.
4. Accrued salaries at year-end, $950.
5. Deferred rent revenue at year-end should be $500.

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.