BMX NEXT Question 51 Sandhill Quest Games Co. adjusts accounts annually. The following information is available for the year ended December 31, 2020 1. Purchased a 1-year insurance polky online for $1,500 cash 2. Pad 57,000 on August 31 for 5 months rent in advance. 3. On September 4, received $3,700 cash in advance from a company 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 $900 per month Paid for the first 2 months on November 30. Paint the account Prepaid Cleaning to record prepayments.) 5. On December 5, received 51,000 in advance from a gaming dub. Determined that on December 31, 5450 of these games had not yet been played For each of the above transactions, prepare the journal entry to record the initial transaction. (Credit acc Date Account Titles Debit Credit June 1 Aug. 31 Sept. 4 Nov. 30 Dec. 5 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT List of Accounts ing p Question 51 ORIC ons, pre ccount Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Advertising Expense Buildings Cash Depreciation Expense Equipment Insurance Expense Interest Expense Interest Payable Land Maintenance and Repairs Expense Mortgage Payable No Entry Notes Payable Owner's Capital Owner's Drawings Prepaid Advertising Prepaid Cleaning Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Service Revenue Subscription Revenue Supplies Supplies Expense Ticket Revenue Unearned Rent Revenue Unearned Service Revenue Unearned Subscription Revenue Unearned Ticket Revenue Utilities Expense Utilities Payable Show Wor xs sons i copment