Current Attempt in Progress

Pharoah Games Inc. adjusts its accounts annually. The following information is available for the year ended December $31,2025.$

Purchased a $1-$year insurance policy on June $1$ for $$2,880$ cash.

Paid $$8,060$ on August $31$ for $5$ months' rent in advance.

On September $4,$ received $$4,590$ 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 s'arting December $1$ for $$1,240$ per month. Paid for the first $2$ months on November $30.($Hint: Use the account Prepaid Cleaning to record prepayments.$)$

On December $5,$ received $$1,860$ in advance from a gaming club. Determined that on December $31,$$$590$ of these games had not yet been played.