Question 5 View Policies Show Attempt History Current Attempt in Progress Larkspur Games 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 $1,620 cash. 2. Paid $5.720 on August 31 for 5 months' rent in advance. On September 4, received $3.240 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. Signed a contract for cleaning services starting December 1 for $880 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 $1,320 in advance from a gaming club. Determined that on December 31, $420 of these games had not yet been played. (a) - Your answer is partially correct. For each of the above transactions, prepare the journal entry to record the initial transaction. If no entry is required, select "No Entry for the account titles and entero for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit Credit 1 June 1.2022 . Prepaid Insurance 1620 nccs.edu/course/20112/assignments/4703839 module item id-17253481 TOUT WES T COTTELL For each of the above transactions, prepare the journal entry to record the initial transaction. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1 June 1, 2022 Prepaid Insurance 1.620 Cash 1,620 2. Aug 31, 2022 Prepaid Rent 5,720 Cash 5.720 Sept.4.2022 Unearned Service Revenue 3.240 3.240 4. Nov. 30, 2022 1.760 Cash 1.760 Dec. 5, 2022 Cash 1.320 Unearned Service Revenue 1,320 e Textbook and Media