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Exercises & Problems Part 2 Seved a. On April 1, the company hired an attorney...

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Accounting

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Exercises & Problems Part 2 Seved a. On April 1, the company hired an attorney for a flat monthly fee of $3,500 Payment for April legal services was made by the company on May 12 b. As of April 30, $3,000 of interest expense has accrued on a note payable. The full interest payment of $9,000 on the note is due on c. Total weekly salaries expense for all employees is 510,000. This amount is paid at the end of the day on Friday of each five-day workweek. April 30 falls on a Tuesday, which means that the employees had worked two days since the last payday. The next payday is May 3 The above three separate situations require adjusting journal entries to prepare financial statements as of April 30. For each situation present both the April 30 adjusting entry and the subsequent entry during May to record the payment of the accrued expenses. View transaction list Journal entry worksheet On April 1, the company hired an attorney for a flat monthly fee of $9,500 Payment for April legal services was made by the company on May 12. Prepare the required adjusting entry. If any. Not the obta belote credits General Journal Debat Credit Dlate Apr 30 Hendantry Cherry View general & Poor 3 of 0 H Next

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