Question in Red

Kinghird Games inc. adfusts its accounts annually. The following information is avallable for the year ended December 31,2022. 1. Purchased a 1-year insurance policy on June 1 tor $2,100 cash. 2. Paid 57,410 on August 31 for 5 months' rest in advance. 3. On September 4, rocelved $4,140 cash in advance from a corporation to sponsor a pame each month for a total of 9 months for the most improved students at a local school. 4. Sibned a contract for cleaning services starting December 1 for $1,140 per month. Pald for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments) 5. On December 5, received $1,710 in advance from a gaming club. Determined that on December 31,$540 of these games had not yet been played (a) Your antwer is coernect. For each of the above transactions, prease the journal entry to fecord the initiw tramaction fof no entry is reguimed, select Tib not indent manually) For each of the above transactions, prepare the adiusting journal entry that is requlred on December 31. (Hint. Use the account Gervice Revenue for item 3 and Maintenance and Repairs Expense for item 4) (Round arrwers to 0 decinal ploces es. 5.275. . . ne entry ls required, select "No Entry" for the account titles and enter O for the amounts. Crealit occount ticles are outomatically indented When the amount is entered Do not indent mancallye]