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a. On April 1, the company retained an attorney for a flat monthly fee of $500. Payment for April legal services was made by the
a. On April 1, the company retained an attorney for a flat monthly fee of $500. Payment for April legal services was made by the company on May 12 is due on May 20 five-day workweek. April 30 falls on a Tuesday, which means that the employees had worked two days since the last b. As of April 30, $950 of interest expense has accrued on a note payable. The full interest payment of $2,850 on the note c. Total weekly salaries expense for all employees is $12,000. This amount is paid at the end of the day on Friday of each 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 2 3 4 6 On April 1, the company retained an attorney for a flat monthly fee of $500 Payment for April legal services was made by the company on May 12. Prepare the required adjusting entry, if any Note: Enter debits before credits General Journal Debit Credit Apr 30
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