get it right and i will give thumbs up.

Exercise 4.5 (Algo) Preparing Adjusting Entries to Accrue Revenue and Expenses for Which No Cash Has Been Recelved (L04-1, LO4-2, LO4-3, L04-4, L04-5, L04-6, L04-7) The geological consulting firm of Gilbert, Marsh & Kester prepares adjusting entries on a monthly basis. Among the Items requiring adjustment on December 31. year 2. are the following 1. The company has outstanding a $51,000,9 percent. 2-year note payable issued on July 1. year 1. Payment of the $51.000 note, plus 2 The firm to providing consulting services to Texas Oil Company at an agreed-upon rate of $1,010 per day. At December 31, 10 days of unbilled consulting services have been provided a. Prepare the two adjusting entries required on December 31 to record the accrued interest expense and the accrued consulting b. Assume that the $51.000 note payable plus all accrued interest are paid in full on June 30 year 3. What portion of the total interest expense associated with this note will be reported in the firm's year 3 Income statement? c. Assume that on January 30, year 3. Gilbert Marsh & Koster receive $25.000 from Texas Oil Company in full payment of the consulting services provided in December and January What portion of this amount constitutes revenue earned in January? Complete this question by entering your answers in the tabs below. Required Required Requirea Prepare the two adjusting entries required on December 31 to record the accrued interest expense and the accrued consulting revenue cared no entry is required for an action event electrometry required in the first account field. Do not round intermediate calculations. Round your answers to the newest whole dan View to Journal entry worksheet > Racord the accrued interest expenses Transaction General Journal Debit Credit nat mert Racord the accrued interest expenses Transaction General Journal Debit Credit nat mert