1.journalise the following

2.prepare adjusting journal entry that is required on December 31st

3.post T-accounts and determine the final balance.

Action Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2018 1. Purchased a one-year insurance policy on June 1, for $ 1,930 cash 2. Paid $ 6.500 on August 31 for five months rent in advance. On September 4, recelved $3,740 cash in advance from a corpora tion to sponsor a game each month for a total of nine months for the most improved students at a local school. account Prepaid Services to record this prepayment been played. 4. Signed a contract for cleaning services starting Dece s. On December S, recelved $ Unresoived in advance from a ganing club. Determined that on December 31. 5 640of these games had not ye