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Sheridan Games inc. adjusts its accounts annually. The following information is available for the yearended December 32,2025. 1. Purchased a 1-year insurance policy on June

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Sheridan Games inc. adjusts its accounts annually. The following information is available for the yearended December 32,2025. 1. Purchased a 1-year insurance policy on June 1 for $1,500cash. 2. Paid $5.460 on August 31 for 5 months' rent in advance. 3. On September 4 , received $3,060 cash in advance from a corporation to sponsor a same each month fon 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 $840 per month. Pald for the first 2 atonths on November 30 . (Hint Use the account Prepaid Cleaning to record prepayments) 5. On December 5 , received $1,260 in advance from agaming club. Determined that on Decemben 31,$400 of these games had not yet been played. For each of the above transactions; prepare the journal entry to record the initial trantaction. Aist off debit entries before ondit indented when the amount is entered. Do not indent menually)

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