View Policies Current Attempt in Progress T Action Quest Games adjusts its accounts annually. Assume that any prepaid expenses are initially recorded in asset accounts Asse that any revenue collected in advance is initially recorded as liabilities. The following information is available for the year ended December 31, 2021 A$3.720 one-year insurance policy was purchased on April 1, 2021 2 Paid $5.600 on August 31, 2021. for five months rent in advance 3 4 On September 27, 2021, received $2,600 cash from a corporation that sponsors games for the most improved students attending a nearby school. The $3.600 was for 10 games, worth $340 each, that are played on the first Friday of each month starting in October. (Use the Unearned Revenue account Signed a contract for cleaning services starting December 1, 2021. for $520 per month Paid for the best three months on November 30, 2021. (Use Office Expense for the adjusting entry On December 15, 2021, sold $940 of gift certificates to a local game ck On December 31, 2021 determined that $400 these gift certificates had not yet been redeemed (the the account Unearned Rivers For each transaction prepare the journal entry to record the transaction (Ondit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is requirest, select "No Entry for the aunt sites and enter 0 for the P No. Date Account Titles and Explanation 2 1 Dec. 31 Dec. 31 Dec 31 4. Dec 31 5. Dec 31 Debit -/201 Cri F For each transaction, prepare the journal entry to record the initial transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) No. Date Account Titles and Explanation 1 Dec. 31 2 Dec. 31- 4 BAM11 Anigione pot type here to search Dec. 31 C " Debit Credit