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All the boxes highlighted in red are wrong Pharoah Games Inc. adjusts its accounts annually. The following information is available for the year ended December

All the boxes highlighted in red are wrong
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Pharoah Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31,2025. 1. Purchased a 1-year insurance policy on June 1 for $2,880 cash. 2. Paid $8,060 on August 31 for 5 months' rent in advance. 3. On September 4, received $4,590 cash in advance from a corporation to sponsor a game each month for a total of 9months for the most improved students at a local school. 4. Signed a contract for cleaning services starting December 1 for $1.240 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments.) 5. On December 5, received $1,860 in advance from a gaming club. Determined that on December 31,$590 of these games had not yet been played. Post the journal entries in parts (a) and (b) to T-accounts and determine the final balance in each account balance. (Note: Posting to thas Cach arenunt ie nat ranuired I (Dectentriee in the arder nencented in the nmevinus narte I Saved work will be auto-submitted on the due date. Auto

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