Journal entry worksheet Close the revenue accounts using Retained Earnings. Note: Enter debits before credits. Journal entry worksheet 5 The office equipment is depreciated at 10 percent of original cost per year. Note: Enter debits before credits. \begin{tabular}{|l|l|l|l|l|l|l|} \hline Ending balance & & & \\ \hline \end{tabular} 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. 4. Prepare closing entries. 5. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Prepare an adjusted trial balance. 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, $1,450. d. Accrued salaries at year-end. $1,150. e. Rent to customers who paid in advance has been provided for $7,300. 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. 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 ileid. Journal entry worksheet 1 5 Prepaid insurance expired during the year, $1,450. Note: Enter debits before credits. Prepare a post-closing trial balance. Journal entry worksheet Accrued salaries at year-end, $1,150. Note: Enter debits before credits. Journal entry worksheet Rent to customers who paid in advance has been provided for $7,300. Note: Enter debits before credits. Close the expense accounts using Retained Earnings. Note: Enter debits before credits. 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. Information necessary to prepare the year-end adjusting entries appears below. \begin{tabular}{l} Accounts receivable \\ \hline Prepaid insurance \\ \hline Occumd \\ \hline Office equipment \\ \hline Accumulated depreciation-office equipment \\ \hline Salaries payable \end{tabular} Journal entry worksheet (3) 5 The buildings have an estimated useful life of 50 years with no salvage value. The company uses the straight-line depreciation method. Note: Enter debits before credits. \begin{tabular}{|l|l|l|l|l|l|} \hline & & & & & \\ \hline \end{tabular} Required 1 Required 3 Faliany valatice L L 1 \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Retained Earnings } \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending balance & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beginning balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular}