The unadjusted trial balance as of December 31, 2024, for the Bags Consulting Company appears below. December 31 is the company's reporting year-end Account Title Cash Accounts receivable Prepaid Insurance R.26 Land Buildings Accumulated depreciation-buildings office equipment Accumulated depreciation-office equipment Debits $8,000 9.000 3,000 200,000 50,000 $ 20,000 100,000 Accounts payable ck salaries payahls Deferred rent revenue Common stock Retained earnings m endes Service revenue Interest revenue Sent revenue Salaries expense Depreciation expense Insurance expense utilities pensa Maintenance expense Totals 40,000 35,050 7,500 200,000 56,450 30,000 3,000 37,000 1 30,000 15,000 452,000 452,000 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 onginal cost per year Prepaid insurance expired during the year, $1,000 d. Accrued salanes at year end, $1,500 e Rent to customers who paid in advance has been provided for $6,300. Required: 1. From the trial balance and information given prepare adjusting entries 2. Post the beginning balances and adjusting entries to the appropriate T-accounts 3. Preparr an adjusted trial balance 4. Prepare closing entries 5. Prepare a post closing trial balance. Required 1 Required 2 Required 3 Required 41 Required 5 Post the beginning balances and adjusting entries into the appropriate T-accounts. Note: Enter the letter of the transaction in the column next to the amount. Beginning balance Cash Accounts Receivable Beginning balance Ending balance Ending balance Prepaid insurance Land Beginning balance Beginning balance Ending balance Ending balance Buildings Office Equipment Beginning balance Beginning balance Ending balance Ending balance Accumulated Depreciation-Building Accumulated Depreciation-Office Equipment Beginning balance Beginning balance Ending balance Ending balance < Prev 3 of 3 Next Accumulated Depreciation-Building Beginning balance Accumulated Depreciation Office Equipment Beginning balance Ending balance 50 Ending balance Accounts Payable Salaries Payable Beginning balance Beginning balance Ending balance Ending balance Deferred Rent Revenue Common Stock nces Beginning balance Beginning balance + Ending balance Ending balance Retained Earnings Service Revenue Beginning balance Beginning balance Ending balance Ending balance Interest Revenue Rent Revenue Beginning balance Beginning balance Edin halsen Endinn haben es Interest Revenue Beginning balance Ending balance Beginning balance Ending balance Rent Revenue Salaries Expense Depreciation Expense Beginning balance Beginning balance Ending balance Ending balance Insurance Expense Utilities Expenses Beginning balance. Beginning ance Ending balance Ending balance Maintenance Expense Beginning balance Ending balance