ction Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2017.

1.		Purchased a 1-year insurance policy on June 1 for $2,640 cash.
2.		Paid $6,850 on August 31 for 5 months rent in advance.
3.		On September 4, received $2,700 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 $1,100 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 $1,250 in advance from a gaming club. Determined that on December 31, $550 of these games had not yet been played.

Record each of the above transactions in the tabular summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

Assets

=

Liabilities

+

Stockholders Equity

2017

Cash

+

Prepd. Insur.

+

Prepd. Rent

+

Prepd. Clean.

Unearned Serv. Rev.

Com. Stock

+

Retained Earnings

=

+

Rev.

-

Exp.

-

Div

June 1

Aug. 31

Sept. 4

Nov. 30

Dec. 5

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