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need help with the T accounts. Pina Colada Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31,
need help with the T accounts.
Pina Colada Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022 1 2. 3 Purchased a 1-year insurance policy on June 1 for $1,920 cash. Paid $6,630 on August 31 for 5 months' rent in advance. On September 4, received $3,690 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 $1,020 per month. Paid for the first 2 months on November 30. (Hint: Use the acqpunt Prepaid Cleaning to record prepayments.) On December 5, recelved $1,530 in advance from a gaming club. Determined that on December 31, $485 of these games had not yet been played 4 a 5 Date Account Titles and Explanation Debit Credit June 1, 2022 Prepaid Insurance 1.920 Cash 1.9 Aug. 31, 2022 Prepaid Rent 6,630 Cash 6.4 Sept. 4,2022 Cash 3,690 Unearned Service Revenue 3.4 Nov. 30, 2022 Prepaid Cleaning 2.040 Cash 2.C Dec. 5, 2022 Cash 1.530 Unearned Service Revenue 13 No. Date Account Titles and Explanation Debit Credit 1. Dec. 31, 2022 2. Dec. 31, 2022 Dec 3 31, 2022 4. Dec. 31, 2022 Dec. 2. Dec. 31, 2022 3. Dec. 31, 2022 Dec. 4. 31, 2022 5. Dec. 31, 2022 Prepaid Insurance June 1 1920 Dec 31 Adj. 1920 Prepaid Rent Unearned Service Revenue Prepaid Cleaning Insurance Expense Rent Expense Service Revenue insurance Expense Rent Expense 1 Service Revenue Maintenance and Repairs Expense Step by Step Solution
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