90.2K

Verified Solution

Link Copied!

Its A,B,C

1 2 Sunland Quest Games Coadjusts its accounts annually. The following information is available for the year ended December 31, 2022. Purchased a 1 year insurance policy on June 1 for $ 1,740 cash. Paid $7,000 on August 31 for 5 months rent in advance On September 4, received $ 3,960 cash in advance from a company 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 $ 1,200 per month. Paid for the first 2 months on November 30. (Hint:Use the account Prepaid Cleaning to record prepayments) On December 5, received $ 1.300 in advance from a gaming club. Determined that on December 31, 5470 of these games had not yet been played 3 4 5. Tay For each of the above transactions, prepare the journal entry to record the initial transaction. (List all debit entries before credit entries. Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. Date Account Titles Debit Credit Question Teach other actions, prepare the only that is reed on December 31. the Service Revforitemind Maintenance and Repairs perform the oldebienfone credentes de ce are otomatkally indeed when the amount Dininden) Question 44 Whole Chance Date Accounts and Explanation Credit Question 45 Dec 31 Questo 46 (to recorded Question 47 Dec. 31 Question 4 [To recordent) Question Dec 31 Question 50 (To recorded Viewing Question Dec 31 Questions (to recordance) Questa postal and bj to accounts and determine the final balance in each account balance. Note: Posting to the Cash account is not required.) (Post entries in the order of Journal entries presented in previous parts) Prepaid Insurance Prepaid Rent Unearned Service Revenue Prepaid Cleaning Question 51 of 53 ./18 Ques Quest Insurance Expense Quest Quest M Rent Expense Quest Quest M Service Reven Questi Questio Question Maintenance and Repairs Expense Viewing

Answer & Explanation Solved by verified expert

See Answer