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

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.

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 8 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. 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. 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.) Cash Accounts Receivable Beg, bal. Beg, bal End. bal. Beg, bal Prepaid Insurance Land Beg, bal Beg. bal. End, bal. Endbal. Buildings Office Equipment Beg, bal Beg. bal. End. bal. End. bal. Accumulated Depreciation-Building Beg. bal. Accumulated Depreciation-Office Equipment Beg. bal. End. bal. End. bal. Accounts Payable Salaries Payable Beg. bal. Beg. bal. End. bal. End. bal. Deferred Rent Revenue Common Stock Beg. bal. Beg. bal. End, bal. End. bal. Retained Earnings Service Revenue Beg. bal. Beg. bal. End. bal. End. bal. Interest Revenue Rent Revenue Beg. bal. Beg. bal. End. bal. End. bal. Salaries Expense Depreciation Expense Beg. bal. Beg. bal. End. bal. End. bal. Rent expense Depreciation expense Beg. bal. Beg. bal. End. bal. End. bal. Interest expense Supplies expense Beg. bal. Beg. bal. End. bal. End. bal. Insurance expense Advertising expense Beg. bal. Beg. bal. End, bali End. bal. Insurance Expense Utilities Expense Beg. bal. Beg. bal. End. bal. End. bal. Maintenance Expense Beg. bal. End. bal. Credits Adjusted Trial Balance Account Title Debits Cash Accounts receivable Prepaid insurance Land Buildings Accumulated depreciation-buildings Office equipment Accumulated depreciation-office equipment Accounts payable Salaries payable Deferred rent revenue Common stock Retained earnings Service revenue Interest revenue Rent revenue Salaries expense Depreciation expense Insurance expense Utilities expense Maintenance expense Totals $ 0 $ 0 Prepare a post-closing trial balance. Credits BAGLEY CONSULTING COMPANY Post-Closing Trial Balance Account Title Debits Cash Accounts receivable Prepaid insurance Land Buildings Accumulated depreciation-buildings Office equipment Accumulated depreciation-office equipment Accounts payable Salaries payable Deferred rent revenue Common stock Retained earnings Totals $ A 0 $