1 of 11 View Policies Show Attempt History: Current Attempt in Progress 2.84/5 1 Blossom Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022 1. Purchased a 1-year insurance policy on June 1 for $1.836 cash 2. Paid $6,630 on August 31 for 5 months' rent in advance. 3. 4. 5. On September 4, received $3,672 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 $1.020 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments.) On December 5, received $1.530 in advance from a gaming club. Determined that on December 31, $490 of these games had not yet been played. (a) Your answer is partially correct. For each of the above transactions, record the adjustment that is required on December 31 in the tabular summary from part (a). (Hint: Use the account Service Revenue for item 3 and Repairs and Maintenance Expense for item 4.) Of a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Prepd. 2022 Cash Insur 1 Dec. 311 2 Dec. 31 3. Dec. 31 4. Dec. 31 5. Dec. 31 Assets Prepd. Rent [ [ ENG 558 PM 6/5/2002 Question 4 of 11 < > -15 E Janus Coat Company purchased a delivery truck on June 1 for $30,000, paying $10,000 cash and signing a 6%. 2-month note for the remaining balance. The truck is expected to depreciate $6.000 each year. Janus Coat Company prepares monthly financial statements (a) and (b) (a) Use the tabular summary below to record the acquisition of the delivery truck on June 1st. (b) Enter any adjustments that should be made on June 30, using the tabular summary (Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses eg (45). Do not leave any answer field blank Enter O for amounts) Cash (a) June 1 (b) June 30 June 30 Assets Equipment Accum Depr. Equip Note 559 PM