Each of the two situations below are independent. Situation 1 (6 marks): On May 1, 2020, a company sold a generator to a customer, and the customer decided to also purchase an extended 2-year warranty. The customer paid a total of $7,590 for the package. The generator is normally sold for a stand-alone price of $5,617, and the extended warranty, if sold separately, goes for $1,382. Perform the journal entry for this transaction on May 1, 2020; and the adjusting entry at the company's year-end date of December 31, 2020. If no entry is required, write "no entry required for that particular date. Round your calculations to the nearest whole dollar Please follow these guidelines for your journal entries [date] debit to [account] for [amount] (calculations here if you want to show them) credit to [account] for [amount] (calculations here if you want to show them) [description] Situation 2 (3 marks): A new store called Just Games! has recently opened. The store sells video games, in various forms, to customers. A customer came into the store recently and purchased 10 video games and 20 subscription services for an online platform on which a number of games can be played with others from around the world. Both sales were made on June 30, 2020, for a total price of $6,450. Of that price, $690 was for the games. The rest was for the subscription services, and each subscription was for a 2 year time period. How much revenue, if any, will be recorded by Just Games! on June 30, 2020? How much revenue, if any, will be recorded by Just Games! on December 31, 2020 (their year-end date)