315 Part Level 2 Paid 5600 on August 31 for 5 months rent in

3-15 (Part Level 2. Paid $5,600 on August 31 for 5 months rent in advance 3. On 2019. Signed a contract for cleaning services starting December 1 for $800 per month. Paid for the first 2 to sponsor a game each month for a total of 9 months for the most improved students at a months on November 30. (:Use the account Prepald Cleaning t titles are

Solution

Initial journal entry :

Date	accounts & explanation	debit	credit
2019 June 1	Prepaid insurance a/c	1920
	Cash		1920
2019 Aug 31	Prepaid rent	5600
	Cash		5600
2019 Sep 4	Cash	3960
	Unearned revenue		3960
2019 Dec 1	Prepaid cleaning	1600
	Cash		1600
2019 Dec 5	Cash	1400
	Unearned revenue		1400