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1 2. Action Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31. 2020 Purchased a 1-year insurance policy on June 1 for $1,800 cash. Paid $6.500 on August 31 for 5 months rent in advance. On September 4, received $3,600 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 starting December 1 for $1,000 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments.) On December 5, received $1.500 in advance from a gaming club. Determined that on December 31, 5475 of these games had not yet been played 5 For each of the above transactions, prepare the journal entry to record the initial transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit 1 2 For each of the above transactions, prepare the journal entry to record the initial transaction. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Cre >