Winds Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2024: 1. Purchased a one-year insurance policy on June 1 for $2,040 cash. 2. Paid $6,400 on August 31 for five months' rent in advance. 3. On September 4, received $3,420 cash in advance from a corporation to sponsor a game each month for a total of nine months for the most improved students at a local school. 4. Signed a contract for cleaning services starting December 1 . for $980 per month. Paid for the first two months on November 30. (Hint: Use the account Prepaid Cleaning to record this prepayment) 5. On December 5, received $1,450 in advance from a gaming club. Determined that on December 31,$480 of these games had not yet been played. For each of the above transactions, prepare the adjusting journal entry that is required on December 31 . (Hint: Use the account Sponsorship Revenue for items 3 and 5 and Repairs and Maintenance Expense for item 4.) (Credit occount tilles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Question 9 of 9 1.67/5 31 31 eTextbook and Media List of Accounts