assignment 4a q8

Assignment 4-A REQUIRED Question 8 of 8 0.8/3 = View Policies Show Attempt History Current Attempt in Progress Concord Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022. 1. Purchased a 1-year insurance policy on June 1 for $1.440 cash. 2. Paid $ 5,200 on August 31 for 5 months' rent in advance. 3. On September 4, received $ 2,880 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. 4 Signed a contract for cleaning services starting December 1 for $ 800 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 $ 1,200 in advance from a gaming club. Determined that on December 31, $ 380 of these games had not yet been played. (a) Your answer is correct. For each of the above transactions, prepare the journal entry to record the initial transaction. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) ate Account Titles and Explanation Debit Credit 2022