For each transaction, prepare the adjusting journal entry required on December 31, 2021. Credit accountles are automatically Indented when amount is entered. Do not lndent manually. If no entry required, select "No Entry for the account titles and enter for the amounts: 0. Date Account Titles and Explanation Debit Credit 1 Dec 31 Insurance Expen Prepaid fourance to record france expense! 2 Dec 31 Rent Exo Precald Rosto record runt expenses Dec 31 Unearned Game or conducted Dec 31 Omex Pronaldo como To recordato 31 Uncado God List of Accounts Attempts of used SA Question Parts V10 Action Quest Games adjusts its accounts annually. Assume that any prepaid expenses are initially recorded in asset accounts. Assume that any revenue collected in advance is initially recorded as liabilities. The following information is available for the year ended December 31, 2021 1 2 3 A $3.240 one-year insurance policy was purchased on April 1, 2021. Paid 55,200 on August 31, 2021. for five months rent in advance On September 27 2021, received $3,200 cash from a corporation that sponsors games for the most improved students attending a nearby school. The $3,200 was for 10 games, worth $320 each, that are played on the first Friday of each month starting in October (Use the Unearned Revenue account) Signed a contract for cleaning services starting December 1, 2021, for $440 per month. Paid for the first three months an November 30, 2021 (Use Office Expense for the adjusting entry) On December 15, 2021 sold $990 of gift certificates to a local game club On December 31, 2021. determined that $570 of these gift certificates had not yet been redeemed (Use the account Unearned Revenue.) 4 5