XYZ Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31. 2024 - Purchased a one-year insurance policy on June 1 for $1,800 cash. - Paid $6,500 on August 31 for five months' rent in advance. - On September 4, received $3,600 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. - Signed a contract for cleaning services starting December 1 for $1,000 per month. Paid for the first two months on November 30 . (Hint: Use the account Prepaid Cleaning to record this prepayment.) - On December 5, received $1,500 in advance from a gaming club. Determined that, on December 31,$475 of these games had not yet been played