View Policies Current Attempt in Progress Oriole Quest Games adjusts its accounts annually. The following information is available for the year ended December 31, 2020, 1. 2. 3 Purchased a 1-year Insurance policy on June 1 for $2,220 cash. Paid $6,300 on August 31 for 5 months' rent in advance On September 4, received $3,870 cash in advance from a company 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 $1.100 per month. Paid for the first 2 months on November 30. (Hint:Use the account Prepaid Cleaning to record prepayments.) On December 5, received $1,600 in advance from a gaming club. Determined that on December 31, 5440 of these games had not yet been played 4. 5. 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 Repair Expense for item 4. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31 (To record insurance used) Dec 31 (To record rent used) Dec. 31 (To record revenue used) Dec 31 344 PM in ENS Dec. 31 (To record rent used) Dec. 31 (To record revenue used) Dec. 31 (To record maintenance) Dec. 31 (To record monthly revenue)