Hello! I need help with the following question. The example provides the information on a comany that adjusts its accounts annualy. It provides information on the transaction and asks to place them into a journal to record the initial transaction. The multiple choice section on the first chart reflects the dates (also attatched below).

After, it asks that for each of the above transactions to prepare the adjusting entry that is reequired on Dec. 31st.

Thank you in advance!

Sheffield Games Inc. 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 $1,980 cash. 2. Paid $7,150 on August 31 for 5 months' rent in advance. 3. On September 4, received $3,960 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 $1,100 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments.) 5. On December 5 , received $1,650 in advance from a gaming club. Determined that on December 31,$530 of these games had not yet been played. For each of the above transactions, prepare the journal entry to record the initial transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) For each of the above transactions, prepare the adjusting journal entry that is required on December 31. (Hint: Use the account Service Revenue for item 3 and Maintenance and Repairs Expense for item 4.) (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)