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Oriole 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

Oriole 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 $2,280 cash.

2. Paid $7,280 on August 31 for 5 months rent in advance.

3. On September 4, received $4,050 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 $1,120 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 $1,680 in advance from a gaming club. Determined that on December 31, $530 of these games had not yet been played.image text in transcribed

Prepaid Insurance Prepaid Rent Unearned Service Revenue Prepaid Cleaning Insurance Expense

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