i just need the explaination part

Action Quest Games Inc, dusts its accounts anually. The follows information kavallable for the year ended December 31 12022 1 23 Purchased a 1-year insurance policy on June 1 for $1.00 h Paid $6.500 on August 31 to 5 month rent in advance Cin September 4 recewd $3.600 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 Signed a contract for cleaning services starting December for 51.000 per month paid for the first 2 months on November 30 C Use acent Prepaid Cleaning to record prepayments On December 5, received $1.500 in advance from aming club. Determined that on December 31. $475 of these games had not yet been played 4 B D E E3-16 - Action Quest Games Inc adjusts its accounts annually. See the book and follo a. Record the foumal entries for the orignal transactions (complete sections in blue). General Joumal (Initial entries) Number per Account Titles problem Debit Credit 1 Prepaid insurance $1,800 Cash $1,800 Explanation: To record purchase of insurance policy 6500 2 Prepaid rent Cash Explanation: 6500 3600 3600 2000 3 Cash Uneamed Service 6 Revenue 2 Explanation: B 19 4 Prepaid Cleaning Cash 21 Explanation: 22 23 5 Cash Uneared Service Revenue 25 Explanation: 2000 1500 1500 2 b. Prepare the entries that would have been required to adjust the accounts as of December General Journal (initial entries) Number from Account Titles problem Debit Credit 1 Insurance expense $1.050 Prepaid insurance Explanation: b. Prepare the entries that would have been required to adjust the accounts as General Journal (Initial entries) Number from Account Titles problem Deblt Credit 1 Insurance expense $1,050 Prepaid insurance $1,050 13 Explanation: To record 7 months of insurance expense ($150/month times 7) 5200 5200 1600 1600 35 2 Rent Expenses 36 Prepaid rent 37 Explanation: 38 Uneamed Service 39 3 Revenue 40 Service Revenue 41 Explanation: 42 43 Maintenance and repair expenses Prepaid Cleaning 45 Explanation 40 Unearned service 5 revenue Service Revenue 49 Explanation so 1000 1000 1025 1025 Place the entries in T-accounts and show what the balances would have been forea Cash 1.800 6.500 Prepaid insur 1.800 3.600