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The unadjusted trial balance as of December 31, 2018, for theBagley Consulting Company appears below. December 31 is thecompany’s fiscal year-end.

AccountTitle	Debits		Credits
Cash	5,850
Accounts receivable	7,000
Prepaid insurance	2,800
Land	195,000
Buildings	52,500
Accumulateddepreciation—buildings			21,000
Office equipment	84,000
Accumulated depreciation—officeequipment			33,600
Accounts payable			27,800
Salaries and wages payable			0
Deferred rent revenue			0
Common stock			200,000
Retained earnings			45,600
Sales revenue			77,500
Interest revenue			3,600
Rent revenue			4,200
Salaries and wages expense	29,000
Depreciation expense	0
Insurance expense	0
Utility expense	19,700
Maintenance expense	17,450
Totals	413,300		413,300

The buildings have an estimated useful life of 50 years with nosalvage value. The company uses the straight-line depreciationmethod.

The office equipment is depreciated at 10 percent of originalcost per year.

Prepaid insurance expired during the year, $1,400.

Accrued salaries and wages at year-end, $1,100.

Deferred rent revenue at year-end should be $650.

Required:
1. From the trial balance and information given, prepareadjusting entries.
2. Post the beginning balances and adjustingentries into the appropriate t-accounts.
3. Prepare an adjusted trial balance.
4. Prepare closing entries.
5. Prepare a post-closing trial balance.