Prepaid Services 31 Sponsorship Revenue Date Account Titles and Explanation Debit Credit 2024 June 1 Prepaid insurance 1,700 Canh Aur 31 Prepald Rent 6,350 Cath 1.900 sent4 Cach 3390 Deferred Reverue 2330 Now, 30 Prepald Cleanine 1,440 Conh 1.940 Dec. 5 Cash 1,440 Deterred Hevenue 1,440 Brothers Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31 . 2024: 1. Purchased a one-year insurance policy on June 1 for $1,980 cash. 2. Paid $6,350 on August 31 for five months' rent in advance. 3. On September 4 , received $3,330 cash in advance from a corporation to sponsor a game each month for a total of nine months for the most improved students at a local school. 4. Signed a contract for cleaning services starting December 1 , for $970 per month. Paid for the first two months on November 30. (Hint: Use the account Prepaid Cleaning to record this prepayment) 5. On December 5 , received $1,440 in advance from a gaming club. Determined that on December 31,$470 of these games had not yet been played. For each of the above transactions, prepare the adjusting journal entry that is required on December 31 . (Hint: Use the account Sponsorship Revenue for items 3 and 5 and Repairs and Maintenance Expense for item 4) (Credit occount titles ore automotically indented when amount is entered. Do not indent monually, List all debit entries before credit entries, If no entry is required, select "No Entry" for the account titles and ekter ofor the amounts.)