Action Quest Games Inc. adjusts its accounts annualy. The following information is available for the year ended December 31 1. Purchased a 1-year insurance policy on June 1 for $1,200 cash Paid $5,600 on Auust 31 for 5 months' rent in advance 70 cash in advance from a corporation to sponsor a game each month for a total of 9 moniths for the most improved students at a local school aned a contract for deaning services starting December for 1800 per month. Paid for the first 2 months on November 30 (Hine Use the account Prepaid Cleaning to record prepaymants) On December 5S, received $1,300 in advance from a oaming dub. Determined that on December 31, 5550 of these games had not yet been plared 4 Si