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Action Quest Games Inc adjusts its accounts annually. The following information is available for the year ended December 31, 2022 1 2. 3. Purchased a

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Action Quest Games Inc adjusts its accounts annually. The following information is available for the year ended December 31, 2022 1 2. 3. Purchased a 1-year insurance policy on June 1 for $1,800 cash Paid $6,500 on August 31 for 5 months rent in advance. On September 4. received $3,600 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 $1.000 per month Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments) On December 5, received $1.500 in advance from a gaming club. Determined that on December 31. $475 of these games had not yet been played. 4. 5 Post the journal entries in parts (a) and (b) to T-accounts and determine the final balance in each account balance. (Note: Posting to the Cash account is not required) (Round answers to decimal places, e.g. 5,275. Post entries in the order displayed in the problem statement.) Prepaid Insurance June 1 0 300 Dec 31 Ad 2050 Dec 31 Ad June 1 Aug. 31 Sept. 4 Nov. 30 Dec. 5 Dec. 31 Adj. Dec. 31 Bal O 314 3200 Clec. 31 Ad Unearned Service Revenue Dec 31 Ads SEX 4 + 00 Dec 31 Adi DALIS + 500 Dec 31 A DRIS Prepaid Cleaning Nov. 30 Dec 3A Dec 31 Adj. Ded 3A 2000 Insurance Expense Det LA Rent Expense Dec 31 Ad Service Revenue DRIA Dec 31 A

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