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Whispering Winds Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022. 3. 1. Purchased a 1-year

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Whispering Winds Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022. 3. 1. Purchased a 1-year insurance policy on June 1 for $1,740 cash. 2. Paid $5,980 on August 31 for 5 months' rent in advance. On September 4, received $3,330 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. Signed a contract for cleaning services starting December 1 for $920 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments.) On December 5, received $1,380 in advance from a gaming club. Determined that on December 31, $435 of 5. these games had not yet been played. 4. (a) Post the journal entries in parts (a) and (b) to T-accounts and determine the final balance in each account balance. (Note: Posting to the Cash account is not required.) (Round answers to 0 decimal places, e.g. 5,275. Post entries in the order displayed in the problem statement.) Prepaid Insurance Prepaid Rent

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