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Current Attempt in Whispering Winds Games Inc. adjusts its accounts annually. The following information is available...


Current Attempt in Whispering Winds Games Inc. adjusts its accounts annually. The following information is available for the
4. Nov. 30, 2022 5. Dec. 5, 2022 eTextbook and Media List of Accounts X Your answer is incorrect. For each of the above trans
For each of the above transactions, prepare the adjusting journal entry that is required on December 31. (Hint: Use the accou
Post the journal entries in parts (a) and (b) to T-accounts and determine the final balance in each account balance. (Note: P
Insurance Expense Rent Expense Service Revenue Maintenance and Repairs Expense e Textbook and Media
Current Attempt in Whispering Winds Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022 1. 2 3. Purchased a 1-year insurance policy on June 1 for $1,740 cash. Paid $5,980 on August 31 for 5 months' rent in advance. On September 4, received $3,330 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 1 for $920 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments.) On December 5, received $1,380 in advance from a gaming club. Determined that on December 31, $435 of these games had not yet been played. 4. 5. Your answer is partially correct. 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. Account Titles and Explanation Debit Date June 1, 2022 1. 2. Aug 31, 2022 3. Sept. 4, 2022 4. Nov. 30, 2022
4. Nov. 30, 2022 5. Dec. 5, 2022 eTextbook and Media List of Accounts X Your answer is incorrect. 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 decimal places, eg. 5,275. 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.) . Debit Credit Date Account Titles and Explanation Dec. 31, 2022 Dec. 31, 2022 Dec. 31
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. 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.) Debit Credit Date Account Titles and Explanation Dec. 31, 2022 Dec. 31, 2022 Dec. 31, 2022 Dec. 31, 2022 Dec. 31, 2022
Post the journal entries in parts (a) and (b) to T-accounts and determine the final balance in each account balance. (Note: Posting to the Cash account is not required.) (Round answers to decimal places, eg. 5,275. Post entries in the order displayed in the problem statement.) Prepaid Insurance Prepaid Rent Unearned Service Revenue Prepaid Cleaning Insurance Expense
Insurance Expense Rent Expense Service Revenue Maintenance and Repairs Expense e Textbook and Media
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Answer #1

Credit Determinig the final balance in each account balance. Prepaid Insurance 01-Jun-22 $ 1,740 31-Dec-22 $ 1,015 31-Dec-22

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