Colada Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2021: 1. Purchased a one-year insurance policy on June 1 for $2,100 cash. 2. Paid $6,950 on August 31 for five months' rent in advance. 3. On September 4, received $3,870 cash in advance from a corporation to sponsor a game each month for a total of nine months for the most improved students at a local school. 4. Signed a contract for cleaning services starting December 1, for $1,060 per month. Paid for the first two months on November 30. (Hint: Use the account Prepaid Cleaning to record this prepayment.) 5. On December 5, received $1,500 in advance from a gaming club. Determined that on December 31, $510 of these games had not yet been played. No. Date Account Titles and Explanation Dec. 1. Insurance Expense 31 Prepaid Insurance 2. 31 Cash 3. 31 4. 31 5. 31 Prepaid Rent Debit 125 Credit