How do you figure out the adjustment that is required on December 31 given the information that is in part a? I am unsure on how to complete the part b. chart.

Exercise 4-16 Action Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2017. 1. Purchased a 1-year insurance policy on June 1 for $2,760 cash. 2. Paid $6,100 on August 31 for 5 months' rent in advance. 3. On September 4. received $3,060 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 $1,050 per month. Paid for 4. the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments.) 5. On December 5, received $1,500 in advance from a gaming club. Determined that on December 31, $450 of these games had not yet been played. Your answer is correct. Record each of the above transactions in the tabular summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets _Liabilit ies Stockholders' Equity Unearn ed Retained Earnings 20 17 Prepd. Prepd. Prepd. Serv. Com. Cash + Insur. Rent + Clean. = Rev. Stock + Rev. Exp. Div Jun el -2760 2760 Au 31 -6100 6100 Se pt. 3060 3060 No -2100 2100 De C. 1500 1500 SHOW LIST OF ACCOUNTS SHOW ANSWERLINK TO TEXT Your answer is correct. For each of the above transactions, record the adjustment that is required on December 31 in the tabular summary from part (a). (Hint: Use the account Service Revenue for item 3 and Repairs and Maintenance Expense for item 4.) (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabil Ities Stockholders' Equity HW' RO HW RO HW' RO HW' 80 HW' BO THON Unear Retained Earnings ned Prepd. Prepd. Prepd. Serv Com. Cash + Insur. + Rent +Clean. = Rev. + Stock + Rev. - Exp. - Div 1610 -1610 Insurance Expense -4880 -4830 Rent Expense -1360 1360 Service Revenue -1060 -1060 Repairs & Maintenance Expense -1050 1050 Service Revenue