Tamarisk 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 $6,760 on August 31 for 5 months’ rent in advance.
3. On September 4, received $3,780 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 $1,040 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 $1,560 in advance from a gaming club. Determined that on December 31, $495 of these games had not yet been played.
For each of the above transactions, prepare the adjusting journal entry that is required on December 31.

            Adjusting Journal Entry on December 31, 2021

S/N    Accounts&Explanation         Debit     Credit

1.         Insurance Expenses             $1,155

           ($1,980*7/12)

                 Prepaid Insurance                         $1,155

2.          Rent Expenses                     $5,408

             ($6,760*4/5)

                   Prepaid rent                                  $5,408

3.           Unearned service revenue  $1,680

              ($3,780 *4/9)

                    Service revenue                             $1,680

4.            Maintenance&repair Exp.    $1,040

               ($2,080*1/2)

                       Prepaid cleaning                          $1,040  

5.             Unearned service earned    $1,065

                ($1,560-$495)

                       Service earned                              $1,065

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order: