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Monty Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31,2022. 1. Purchased a 1-year insurance policy on

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Monty Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31,2022. 1. Purchased a 1-year insurance policy on June 1 for $1,860 cash. 2. Paid $6,110 on August 31 for 5 months' rent in advance. 3. On September 4 , received $3,420 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 $940 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 $1.410 in advance from a gaming club. Determined that on December 31,$445 of these games had not yet been played. Post the journal entries in parts (a) and (b) to T-accounts and determine the final balance in each account balance. (Note. Posting to the Cash account is not required.) (Round answers to 0 decimal piaces, e.s. 5,275. Post entries in the order displayed in the problem statement.) Rent Expense Service Revenue Maintenance and Repairs Expense Prepaid Cleaning Insurance Expense Rent Expense Service Revenue

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