can someone help with fact set 3 and 4? if you are one of those people who say you can only answer one question per guildline, then let someone else answer because I have limited questions left. Thank you

Page 12 of 17 Page 9 of 17 Problem Set #2 Problem #2: Year-End Adjusting Entries (54 points) The Company also provides consulting and research Services under various types of contracts to purveyors The company, a wholesale distributor of penny candy and other novelties, is a calendar-year corporation. conate products. The company records adjusting entries annually immediately prior to preparing its GAAP . Required: Journal entries and the appropriate adjusting entries in proper general Journal form Jolso require you to prepare regular journal entries. Analyze the facts provided and prepare the required alises rented below are seven fact sets that require adjusting entries at December 31, 2020. Some fact sets wou recente clearly present supporting calculations when requested. An unsupported correct answer cash. Therefore, you will not post the cash portion of the entries. Throughout this problem you will record Journal entries involving cash. I did not provide T-accounts for You should only use these accounts from the chart of accounts of Gandee Candy: Accounts Receivable Interest Expense Office Supplies Expense Accounts Payable Interest Receivable Prepaid Advertising Accumulated Depreciation Interest Revenue Prepaid Insurance Advertising Expense Interest Payable Prepaid Rent Notes Payable Consulting Revenue Deferred Consulting Revenue Office Equipment Research Services Revenue Depreciation Expense Office Equipment Expense Salaries Expense Insurance Expense Office Supplies Be aware that you will not use every account listed above in your entries. Cash ces frorp NOT Notes Receivable Prepaid Salaries Rent Revenue Salaries Payable Problem Set #2 Page 13 of 17 Fact Set #3 (6 points) On May 1, 2020, Gandee Candy received $84,000 cash from Buckwild Sweets that represented fees received in advance for consulting services to be provided for one year beginning on May 1. Prepare the required journal entry to record the cash received from Buckwild Sweets on May 1, 2020. Post the entry to the applicable T-account(s). (2 points) DATE ACCOUNT NAMES DEBIT CREDIT At December 31, 2020, Gandee Candy determined that it must record an adjustment for the consulting services it provided to Buckwild Sweets from May 1 through December 31, 2020. Prepare the required adjusting journal entry to record the consulting services performed. Post the entry to the applicable T-accounts and compute their resulting balances. (4 points) ADJUSTING ENTRY: DATE ACCOUNT NAMES DEBIT CREDIT Supporting Computations Required: Deferred Consulting Revenue Consulting Revenue -0- 2030 Problem Set #2 Page 14 of 17 Fact Set #4 (6 points) At December 31, 2020, Gandee Candy determined that it performed research services for Sissonville Confections during December for a fee of $22,400 that had not yet been billed or recorded. Prepare the required adjusting journal entry to record the research services performed. (2 points) ADJUSTING ENTRY: DATE ACCOUNT NAMES DEBIT CREDIT On January 12, 2021, Gandee Candy received a check from Sissonville Confections for $26,300 in payment of research services provided in December 2020 and early January 2021. (4 points) DEBIT ACCOUNT NAMES DATE CREDIT