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1. 2 Cullumber Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022 Purchased a 1-year insurance

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1. 2 Cullumber Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022 Purchased a 1-year insurance policy on June 1 for $1,500 cash Paid $4,810 on August 31 for 5 months' rent in advance. On September 4, received $2.700 cash in advance from a corporation to sponsor a game each month for a total of 9 months for the most improved students at a local school Signed a contract for cleaning services starting December 1 for $740 per month. Paid for the first 2 months on November 30. (Hint:Use the account Prepaid Cleaning to record prepayments.) 5 On December 5, received $1,110 in advance from a gaming club, Determined that on December 31, $350 of these games had not yet been played 3. 4. (b) For each of the above transactions, prepare the adjusting Journal entry that is required on December 31. (Hint: Use the account Service Revenue for item 3 and Maintenance and Repairs Expense for item 4.) (Round answers to decimal places, es, 5,275. If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Credit No. Date Account Titles and Explanation Dec. 1 31, 2022 Dec. 2 31 2022 Dec. 31 2022 4. Dec 31, 2022 5 Dec 31. 2022

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