preparr t account for prepaid insurance,prepaid rent,deffered revenue,prepsif clesning,insursnce expense,rent expense,sponsorship revenue,repairs and maintannace expense

Colada Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31 , 2021: 1. Purchased a one-year insurance policy on June 1 for $1,500 cash. 2. Paid $5,960 on August 31 for five months' rent in advance. 3. On September 4, received $3,420 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 $1,050 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 $1,590 in advance from a gaming club. Determined that on December 31,$510 of these games had not yet been played