Pina ColadaGames 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 $1,920cash.

2.Paid $6,630on August 31 for 5 months' rent in advance.

3.On September 4, received $3,690cash 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 $1,020per month. Paid for the first 2 months on November 30. (Hint:Use the account Prepaid Cleaning to record prepayments.)5.On December 5, received $1,530in advance from a gaming club. Determined that on December 31, $485of these games had not yet been played.

Post the journal entries in parts (a) and (b) to T-accounts and determine the final balance in each account balance. (Note:Posting to the Cash account is not required.)(Round answers to 0 decimal places, e.g. 5,275. Post entries in the order displayed in the problem statement.)