Action Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2017. Purchased a 1-year insurance policy on June 1 for $2.760 cash. Paid $6, 100 on August 31 for 5 months' rent in advance. On September 4, received S3, 060 cash in advance from a corporate to sponsor a game each month for a total of 9 months for the most improved students at a. school. Signed a contract for cleaning services starting December 1 for $1, 050 per month. Paid for the first 2 months on November 30. On December 5. received 51, 500 in advance from a gaming club Determined that on December 31, $450 of these games had not yet been played