5) Fun Action Games is a local business that offers stimulating games in a variety of settings. The company adjusts their books and records on an annual basis. The following information is available for the company's year ended September 30, 2023. These transactions occurred in the year: - Took on a one-year loan on January 1 in the amount of $4,000 with interest of 7% paid annually. - Purchased a one-year insurance policy from Guild Insurance on May 1 for $1,800 cash. - Paid \$6,500 on June 1 for five months' rent in advance. - Received \$3,500 cash in advance on August 1 from an organization to sponsor a game each month. - Signed a contract for cleaning services starting on September 1 for $800 per month. Paid for the first two months on August 31. Required (18 marks): a) Prepare journal entries to record the initial transactions above. (Please date all transactions) b) Prepare adjusting journal entries that are required on September 30. (Please date all transactions)|