uestion 1 ction Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2017. Purchased a 1-year insurance policy on June 1 for $1,440 cash. 2. Paid $7,000 on August 31 for 5 months' rent in advance. 3. On September 4, received $4,140 4. Signed a contract for cleaning services starting December 1 for $1,150 per month. Paid for the first 2 months on November 30. (Htint: Use the account Prepaid Cleaning to record 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. prepayments.) 5. On December 5, received $1,250 in advance from a gaming club. Determined that on December 31, $550 of these games had not yet been played