Cullumber Games Inc. adjusts its accounts annually. The following information is available for the year...
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Cullumber Games Inc. adjusts its accounts annually. The following information is available for the year ended December Purchased a year insurance policy on June for $ cash.Paid $ on August for months' rent in advance.On September received $ cash in advance from a corporation to sponsor a game each month for a total of months for the most improved students at a local school.Signed a contract for cleaning services starting December for $ per month. Paid for the first months on NovemberHint: Use the account Prepaid Cleaning to record prepayments. On December received $ in advance from a gaming club. Determined that on December $ of these games had not yet been played. For each of the above transactions, record the adjustment that is required on December in the tabular summary from part aHint: Use the account Service Revenue for item and Repairs and Maintenance Expense for item Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.Increases in expenses require a negative sign or parentheses.Increases in Accumulated Depreciation require a negative sign or parentheses. Increases in Accumulated Depreciation require a negative sign or parentneses. Please answer in consideration with how and where the answer will go in the attached picture
Cullumber Games Inc. adjusts its accounts annually. The following information is available for the year ended December Purchased a year insurance policy on June for $ cash.Paid $ on August for months' rent in advance.On September received $ cash in advance from a corporation to sponsor a game each month for a total of months for the most improved students at a local school.Signed a contract for cleaning services starting December for $ per month. Paid for the first months on NovemberHint: Use the account Prepaid Cleaning to record prepayments. On December received $ in advance from a gaming club. Determined that on December $ of these games had not yet been played. For each of the above transactions, record the adjustment that is required on December in the tabular summary from part aHint: Use the account Service Revenue for item and Repairs and Maintenance Expense for item Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.Increases in expenses require a negative sign or parentheses.Increases in Accumulated Depreciation require a negative sign or parentheses.
Increases in Accumulated Depreciation require a negative sign or parentneses. Please answer in consideration with how and where the answer will go in the attached picture
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