The unadjusted trial balance as of December 31, 2024, for the Bags Consulting Company appears below. December 31 is the companys reporting year-end.

Account Title	Debits	Credits
Cash	$ 13,900
Accounts receivable	9,250
Prepaid insurance	3,700
Land	240,000
Buildings	72,500
Accumulated depreciationbuildings		$ 29,000
Office equipment	108,000
Accumulated depreciationoffice equipment		43,200
Accounts payable		30,600
Salaries payable		0
Deferred rent revenue		12,600
Common stock		270,000
Retained earnings		49,200
Service revenue		89,500
Interest revenue		5,200
Rent revenue		0
Salaries expense	38,000
Depreciation expense	0
Insurance expense	0
Utilities expense	23,700
Maintenance expense	20,250
Totals	$ 529,300	$ 529,300

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, $1,850.
4. Accrued salaries at year-end, $1,550.
5. Rent to customers who paid in advance has been provided for $8,000.

Required:

From the trial balance and information given, prepare adjusting entries.

Post the beginning balances and adjusting entries into the appropriate T-accounts.

Prepare an adjusted trial balance.

Prepare closing entries.

Prepare a post-closing trial balance.