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Business, 23.11.2020 17:40 71887

Sheridan Quest Games Co. adjusts its accounts annually. The following information is available for the year ended December 31, 2020. 1.Purchased a 1-year insurance policy on June 1 for $1,500 cash.
2.Paid $6,200 on August 31 for 5 months’ rent in advance.
3.On September 4, received $3,510 cash in advance from a company 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 $1,200 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 $1,300 in advance from a gaming club. Determined that on December 31, $475 of these games had not yet been played.


Sheridan Quest Games Co. adjusts its accounts annually. The following information is available for
Sheridan Quest Games Co. adjusts its accounts annually. The following information is available for
Sheridan Quest Games Co. adjusts its accounts annually. The following information is available for
Sheridan Quest Games Co. adjusts its accounts annually. The following information is available for
Sheridan Quest Games Co. adjusts its accounts annually. The following information is available for

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