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1. 2. 3. Sunland Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022. Purchased a 1-year insurance policy on June 1 for $1,692 cash. Paid $6,110 on August 31 for 5 months' rent in advance. On September 4, received $3,384 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 $940 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments.) On December 5, received $1,410 in advance from a gaming club. Determined that on December 31, $450 of these games had not yet been played. 4. 5. For each of the above transactions, record the adjustment that is required on December 31 in the tabular summary from part (a). (Hint: Use the account Service Revenue for item 3 and Repairs and Maintenance Expense for item 4.) (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Prer Prepd. Insur. Prepd. Rent 2022 Cash Clea 1. Dec. 31 2. Dec. 31 3. Dec. 31 4. Dec. 31 5. Dec. 31 (a). (Hint: Use the account Service Revenue for item 3 and Repairs and Maintenance Expense for item 4.) (if a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Liabilities Unearned Serv. Rev. Prepd. Clean. pd. Com. Stock R + int e Textbook and Media (a). (Hint: Use the account Service Revenue for item 3 and Repairs and Maintenance Expense for item 4) (f a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Exp. K Rev. Div Service Revenue Repairs & Maintenance Expense Rent Expense Insurance Expense