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 account titles and enter 0 for the amounts. Credit account tittes are outomatically indented when the amount is entered. Do not indent manually.) Whispering Winds Games Inc. adjusts its accounts annually. The following information is availabie for the year ended December 31 ; 2025 . 1. Purchased a 1-year insurance policy on June 1 for $1,740 cash. 2. Paid $5,980 on August 31 for 5 month' rent in advance. 3. On September 4 , received $3,330 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 $920 per month. Paid for the first 2 months on November 30 , (Hint: Use the account Prepaid Cleaning to record prepayments.) 5. On December 5 , recelved $1,380 in advance from a gaming club. Determined that on December 31,$435 of these games had not yet been played. (a) For each of the above transactions, prepare the journal entry to record the initial transaction. (List oll debit entries before credit entries. If no entry is required, select 'No Entry' for the account titles and enter O for the amounts. Credit occount tities ore outomatically Indented when the amount is entered. Do not indent manually) 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 account titles and enter O for the amounts, Credit account titles are automaticolly 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 occount titles and enter O for the amounts, Credit occount titles are automotically indented when the amount is entered. Do not indent manually.)
