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Ivanhoe Games Inc. adjusts its accounts annually. The following information is available for the year ended December 3 1 , 2 0 2 7 .

Ivanhoe Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31,2027.
Purchased a 1-year insurance policy on June 1 for $1,548 cash.
Paid $5,590 on August 31 for 5 months' rent in advance.
On September 4, received $3,096 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 $860 per month. Paid for the first 2 months on November 30.
(Hint: Use the account Prepaid Cleaning to record prepayments.)
On December 5, received $1,290 in advance from a gaming club. Determined that on December 31,$410 of these games had
not yet been played.
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