Question: Current Attempt in Progress Winds Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2024: 1.
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 $2,880 cash. 2. Paid $7,150 on August 31 for five month's rent in advance, 3. On September 4 , recyived $4,680 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 $1,130 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 $1,590 in advance from a gaming club. Determined that on December 31,$620 of these games had not yet been played
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