Current Attempt in Progress Concord Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022. 1 2. 3. Purchased a 1-year insurance policy on June 1 for $1.440 cash. Paid $5,200 on August 31 for 5 months' rent in advance. 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. Signed a contract for cleaning services starting December 1 for S 800 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments. On December 5. received $ 1.200 in advance from a gaming club. Determined that on December 31.5 380 of these games had not yet been played. 4 S. 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.) Date Account Titles and Explanation Debit Credit e 1.2022 Prepald Insurance 1440 Cash 1440 31,2022 V Prepaid Rent 5200 Cash 5200 1.4.2022 Cash 2880 Unearned Service Revenue 2880 7.30.2022 Prepaid Cleaning 1600 Cash 1600 2.5.2022 Cash 1200 Unearned Service Revenue 1200 e Textbook and Media (b) For each of the above transactions, prepare the adjusting journal entry that is required on December 31. (Hint: Use the account Service Revenue for item 3 and Maintenance and Repairs Expense for item 4.) (Round answers to decimal places, eg 5.275. 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.) No. Date Account Titles and Explanation Debit Credit 1. Dec. 31 2022 Dec. 2. 31 2022 3. Dec. 31, 2022 Dec. 31, 2022 5. Dec. 31, 2022 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit