Pharoah Quest Games adjusts its accounts annually. The following information is available for the year ended December 31, 2020. 1. Purchased a 1-year insurance policy on June 1 for $1,740 cash. 2. Paid $6,100 on August 31 for 5 months' rent in advance. 3. On September 4, received $3,150 cash in advance from a company 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 $900 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 $2,000 in advance from a gaming club. Determined that on December 31, $460 of these games had not yet been played. Your answer is correct. For each of the above transactions, prepare the journal entry to record the initial transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Debit Credit Account Titles Prepaid Insurance June 1 1740 Cash 1740 Aug. 31 Prepaid Rent 6100 Cash 6100 Sept. 4 Cash 3150 Unearned Service Revenue 3150 Nov. 30 Prepaid Cleaning 1800 Cash 1800 Dec. 5 Cash 2000 Unearned Service Revenue 2000 For each of the above transactions, prepare the adjusting journal entry that is required on December 31, (Hint: Use the account Service Revenue for item 3 and Maintenance and Repair Expense for item 4.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31 Insurance Expense (To record insurance used) Dec. 31 Rent Expense (To record rent used) Dec. 31 (To record revenue used) Dec. 31 Maintenance and Repairs Expense (To record maintenance) Dec. 31 (To record monthly revenue)