nment CALCULATOR PRINTER VERSION BACK NEXT Exercise 4-17 (Part Level Submission) Novak 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 $2.760 cash, 2. Pald $7.930 on August 31 for 5 months' rent in advance. 3. On September 4, received $4,500 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 $1,220 per month. Pald for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments.) 5. On December 5, received $1,830 in advance from a gaming club. Determined that on December 31, $580 of these games had not yet been played. Your answer is partially correct. Try again. For each of the above transactions, prepare the journal entry to record the initial transaction (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not Indent manually.) No. Date Account Titles and Explanation Debit Credit 1. June 1, 2022 Prepaid Insurance 2.700 2,700 2 Aug 31, 2022 Prepaid Rent 7.00 ere to search o *** 11:05 PM 30/2020 ace Assignment Gradebook ORION Downloadable eTextbook ment No. Date Account Titles and Explanation Debit Credit 1. June 1, 2022 Prepaid Insurance 2,760 cash 2,760 2. Aug. 31, 20Prepaid Rent 7,930 Cash 7,930 3. Sept. 4, 2022 Cash 4,500 M 4,500 4. Nov. 30, 2022 Prepaid Cleaning Cash 5. Dec. 5, 2022 1,830 1,830 e to search O