5) Fun Action Games is a local business that offers stimulatine games in a variety of settings. The company adjusts their books and records on an annual basis. The following information is available for the compary's year ended September 30,2023 . These transactions occurred in the year: - Took on ane-year loan on January 1 in the amount of $4,000 with interest of 7% paid annually. - Purchased a one-year insurance policy from Gulld 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 ioumalentries to resord the initial transastions above. (Please date all transactions) b) Prepare adjusting journal entries that are required on September 30 . (Please date all transactions)