Kingbird Games Inc. adjusts its accounts annesally. The following information is available for the year ended December 31.2022. 1. Purchased a 1-year insurance policy on June 1 for $2,100 cash. 2. Paid $7,410 on August 31 for 5 months' rent in advance 3. On September 4, received $4,140 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. 4. Signed a contract for cleaning services starting December 1 for $1,140 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments) 5. On December 5 , received $1,710 in advance from a gaming club. Determined that on December 31,$540 of these games had not yet been played. (a) For each of the above transactions, prepare the journal entry to record the initait transaction. Of no entry b required, select "No Entry" for the occount tities and enter ofor the amounts. Credlt occount titles are outomotically indented when the amount is entered. Do not indent manuolly. For each of the above transactions, prepare the adjusting journal entry that is required on December 31 . (Hint: Use the account Service Revenue for item 3 and Maintenance and Repairs Expense for ltem 4.) (Round answers to 0 decimal places, eg. 5.275. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Credit occount titles are outomaticolly indented when the amount is entered. Do not indent manually) Post the journal entries in ports fal and thif to Taccounts aed deterniese the feral balance in each account balance. (Note: Portine the the proliem