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Mountain Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 3 1 , 2 0 2 4
Mountain Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December :
Purchased a oneyear insurance policy on June for $ cash.
Paid $ on August for five months' rent in advance.
On September received $ cash in advance from a corporation to sponsor a game each month for a total of nine months for the most improved students at a local school.
Signed a contract for cleaning services starting December for $ per month. Paid for the first two months on November Hint: Use the account Prepaid Cleaning to record this prepayment.
On December received $ in advance from a gaming club. Determined that on December $ of these games had not yet been played.
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