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	7,650
Accounts receivable	7,750
Prepaid insurance	3,200
Land	215,000
Buildings	60,000
Accumulated depreciationbuildings			24,000
Office equipment	93,000
Accumulated depreciationoffice equipment			37,200
Accounts payable			28,850
Salaries payable			0
Deferred rent revenue			0
Common stock			230,000
Retained earnings			46,950
Service revenue			82,000
Interest revenue			4,200
Rent revenue			5,100
Salaries expense	32,000
Depreciation expense	0
Insurance expense	0
Utilities expense	21,200
Maintenance expense	18,500
Totals	458,300		458,300

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, $1,600.
4. Accrued salaries at year-end, $1,250.
5. Deferred rent revenue at year-end should be $800.

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.