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 Land Buildings Accumulated depreciation-buildings Office equipment Accumulated depreciation-office equipment Accounts payable Salaries payable Deferred rant revenue Common stock stained earnings Dubits $ 25,100 Credits 5,000 2,800 155,000 38,000 $12,000 60,000 24,000 25,000 7,800 150,000 Service revenue Interest revenue Rent revenue Salaries expense Depreciation expense Insurance expense utilities expense Maintenance expense 42,000 65,500 1,800 21,800 15,780 14,00 $ 328,100 $ 328,180 Totals 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, $1,000. d. Accrued salaries at year-end, $700. e. Rent to customers who paid in advance has been provided for $6,400. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 From the trial balance and information given, prepare adjusting entries. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Vew traction lat View journal entry worksheet No Transaction General Journal 1 Depreciation expense Debit Credit 600 Accumulated depreciation-buildings 600 2 b Depreciation expense 6,000 Accumulated depreciation-office equipment 6,000 3 Insurance expense Prepaid insurance 1,000 1,000 d Salaries expense Salaries payable 700 700 5 Cash Defamed rent revenue 6,400 6,400