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first 2 photos are for context need help with the question below Pina Colada Games Inc. adjusts its accounts annually. The following information is available
first 2 photos are for context
Pina Colada Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31,2025 . 1. Purchased a 1-year insurance policy on June 1 for $1,920 cash. 2. Paid $6,630 on August 31 for 5 months' rent in advarte. 3. On September 4 , received $3,690 cash in advance from a corporation to sponsor a game each month for a total of 9mon ths for the most improved students at a local school. 4. Signed a contract for cleaning services starting December 1 for $1,020 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 $1,530 in advance from a gaming club. Determined that on December 31,$485 of these games had not yet been played For each of the above transactions, prepare the journal entry to record the initial transaction. (List all debit entries before credit entries. If no entry is required, select 'No Entry' for the occount titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) 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.) (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Tities and Explanation Debit Credit Dec. 1. 31, Insurance Expense 1920 Prepaid insurance Dec. 31 , 2025 Rent Expense 6630 Prepaid Rent 6630 3. Dec. 31 , Depreciation Expense Accumulated Depreciation-Equipment 4. Dec. 31,2025 Prepaid Cleaning 2040 5. Dec: 31,2025 need help with the question below
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