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a. On April 1, the company retained an attorney for a flat monthly fee of $2,000. Payment for April legal services was made by the

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a. On April 1, the company retained an attorney for a flat monthly fee of $2,000. Payment for April legal services was made by the company on May 12 b. As of April 30, $1,942 of interest expense has accrued on a note payable. The full interest payment of $5,827 on the note is due on May 20 c. Total weekly salaries expense for all employees is $8,000. 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 The subsequent entry during May to record payment of the accrued expenses. (Use 360 days a year. Do not round intermediate calculations.) View transaction list Journal entry worksheet On April 1, the company retained an attorney for a flat monthly fee of $2,000. Payment for April legal services was made by the company the required adjusting entry, if any. on May 12. Prepare Note: Enter debits before credits. Date General Journal Debit Credit Apr 30 Record entry Clear entry View general journal

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