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Current Attempt in Progress Cullumber Games, Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022. 1. 2.
Current Attempt in Progress Cullumber 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 $1.908 cash. Paid $6,890 on August 31 for 5 months' rent in advance. On September 4, received $3,816 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 $1,060 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments) On December 5, received $1,590 in advance from a gaming club. Determined that on December 31, $510 of these games had not yet been played 4. 5. 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 for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets 2022 Cash Prepd. Insur Prepd. Rent Prepd. Clean, June 1 1.908 Aug 31 Sept. 4 Nov. 30 Dec. 5 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.) Liabilities Stockholders' Equity Retained Earnings Unearned Serv. Rev. Com. Stock Rev Exp. front of the amount entered for the particular Earnings p. Div
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