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

The unadjusted trial balance as of December 31, 2021, for the Bagley Consulting Company appears below. December 31 is the company's reporting year-end. Account Title Debits Credits Cash 3,350 Accounts receivable 5,500 Prepaid insurance 2,200 Land 165,000 Buildings 35,000 Accumulated depreciation-buildings 14,000 office equipment 66,000 Accumulated depreciation-office equipment 26,400 Accounts payable 25,700 Salaries payable Deferred rent revenue Common stock 150,000 Retained earnings 42,900 Service revenue 68,500 Interest revenue 2,200 Rent revenue 2,400 Salaries expense 23,000 Depreciation expense @ Insurance expense Utilities expense 16,700 Maintenance expense 15, 350 Totals 332,100 332, 100 Information necessary to prepare the year-end adjusting entries appears below. 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, $1,100. d. Accrued salaries at year-end, $800. e. Deferred rent revenue at year-end should be $350. 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. Required 1 Required 2 Required 3 Required 4 Required 5 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 Beg. bal. Beg. bal. 5,500 Cash 3,350 End. bal. 3,350 Beg. bal 5,500 Land Beg. bal. Prepaid Insurance 2,200 1,100c. Beg. bal. 165,000 End. bal. 1,100 End, bal. 165,000 Buildings 35,000 Office Equipment 66,000 Beg. bal. Beg. bal. End. bal. 35,000 End. bal. 66,000 Accumulated Depreciation Building Beg. bal. 14,000 700 a. Accumulated Depreciation-Office Equipment Beg. bal. 26,400 6,600 End. bal. 14,700 End. bal. 33,000 Accounts Payable 25,700 Beg. bal. Beg. bal. Salaries Payable 800 d. End. bal. 25,700 End. bal. 800 Deferred Rent Revenue 350 Common Stock 150,000 Beg. bal. Beg. bal. e. End. bal. 350 End. bal. 150,000 Retained Earnings 42,900 Service Revenue 68,500 Beg. bal. Beg. bal. End. bal. 42,900 End. bal. 68,500 Interest Revenue 2,200 Beg. bal. Beg. bal. Rent Revenue 2,400 350 e. End. bal. 2,200 End. bal. 2,750 Depreciation Expense Salaries Expense 23,000 800 Beg. bal. d. Beg. bal. a. 700 6,600 b. End. bal. 23,800 End. bal. 7,300 Insurance Expense 1,100 Utilities Expense 16,700 Beg. bal. Beg. bal. End. bal. 1,100 End. bal. 16,700 Maintenance Expense 15,350 Beg. bal. End. bal. 15,350