Swifty 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 $1476 cash 2. Paid $5330 on August 31 for 5 months rent in advance 3. On September 4, received $2952 cash in advance from a corporation to sponsor a game each month for a total of 9 students at a local school. 4. signed a contract for cleaning services starting December 1 for $820. per month. paid for the 2 months on November 30. ( hint: use the account prepaid cleaning to record pre payments) 5.On December 5, received $1230 in advance from a gaming club. Determinded that on December 31, $390 of the games had not yet been played

1.For each of the above transactions, [prepare the journal entry to record the initial transaction.

2.For each of the above transactions, prepare the adjusting journal entry that is required on December 31, ( hint: use the account service revenue for item 3 and maintenance and repairs expenses for item

4) 3. post the journal entries in parts ( a) and (b) to T-accounts and determine the final balance in each account.