Fun Action Games is a local business that offers stimulating games in a variety of settings. The company adjusts their books and records on an annual basis. The following information is available for the company's year ended September 30,2023 . These transactions 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 organization to sponsor a game each month.

Signed a contract for cleaning services starting on September 1 for $800 per month. Paid for the first two months on August 31.

a) Prepare journal entries to record the initial transactions above ( please date all the dates above)

b) Prepare adjusting journal entries that are require on september 30 ( please date all transactions)