Exercise 4-17 Action Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 3 . 1. Purchased a 1 year insurance policy on June I for $2,760 cash. 2. Paid $6,000 on August 31 for 5 months rent in adva D cash in advance from a corporation to sponsor a game each month for a total of o months for the most improved students at a local d a contract for cleaning services starting December 1 for $850 per month. Paid for the first 2 months on Novenber 30, (hine us the accocunt Prepaid Cleaning to record 5. On December 5, received $1,300 in advance from a gaming club. Determined that on December 31. $45o of these games had not yet been played. the initia, transaction. (If no entry is required select No Entry" forthe account titles anderer of rth ts credea ca ti a -are ant mata indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 2. 3- 0600