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Eramble Games lnc. adjusts its accounts annually. The following information is available for the year...

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Accounting

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Eramble Games lnc. adjusts its accounts annually. The following information is available for the year ended December 31,2022 1. Purchased a 1-year insurance policy on June 1 for $1,872 cash. 2. Paid $6,760 on August 31 for 5 months rent in advance. 3. On September 4 , received $3,744 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. 4. Signed a contract for cleaning services starting December 1 for $1,040 per month. Paid for the first 2 months on November. 30. (Hint Use the account Prepaid Cleaning to record preparments) 5. On December 5 , received $1,560 in advance from a garning club. Determined that on December 31,$500 of these games had na yebeegplayed. (a) For each of the above transactions, prepare the journal entry to record the initial transaction. (Credit account titles are outomotically indented when the amount is entered. Do not indent manually). or each of the above transactions, prepare the journal entry to record the initial transaction. (Credit account titles ore automotically dented when the amount is entered. Do not indent monuallik)

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