Fun Acon Games is a local business that offers smulang games in a variety of sengs. The company adjusts their books and records on an annual basis. The following informaon is available for the companys year ended September 30, 2023. These transacons occurred in the year: Took on a one-year loan on January 1 in the amount of $4,000 with interest of 7% paid annually. Purchased a one-year insurance policy from Guild Insurance on May 1 for $1,800 cash. Paid $6,500 on June 1 for five months rent in advance. Received $3,500 cash in advance on August 1 from an organizaon to sponsor a game each month. Signed a contract for cleaning services starng on September 1 for $800 per month. Paid for the first two months on August 31. Required (18 marks): a) Prepare journal entries to record the inial transacons above. (Please date all transacons) b) Prepare adjusng journal entries that are required on September 30. (Please date all transacons)