Pharoah 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 $2.880 cash. Paid $8,060 on August 31 for 5 monthsrent in advance. On September 4, received $4,500 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 $1.240 per month. Paid for the first 2 months on November 30. Hint: Use the account Prepaid Cleaning to record prepayments) On December 5, received $1,860 in advance from a gaming club. Determined that on December 31, 5590 of these games had not yet been played 4 5 For each of the above transactions, prepare the journal entry to record the initial transaction. (If no entry is required, select "No Entry"for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit 1 June 1, 2022 Cash 2880 Prepaid Insurance 2. Aug 31.2022 . Prepaid Rent 8060 Rent Expense 3 Sept: 4,2022 Advertising 4 Nov. 30. 2022 Prepaid Insurance Cash 5. Dec 5, 2022 Cash III o