Purchased a 1-year insurance policy on June 1 for $2,280 cash.
2.		Paid $7,280 on August 31 for 5 months rent in advance.
3.		On September 4, received $4,050 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.
4.		Signed a contract for cleaning services starting December 1 for $1,120 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 $1,680 in advance from a gaming club. Determined that on December 31, $530 of these games had not yet been played.

No. Date Account Titles and Explanation Debit Credit 1. Dec. 31, 2022 2. Dec. 31, 2022 3. Dec. 31, 2022 4. Dec. 31, 2022 5. Dec. 31, 2022