Exercise 3-2 Adjusting and paying accrued expenses LO P a. On April 1, the company retained an attorney for a flat monthly fee of $3,000. Payment for April legal services was made by the b. A $300,000 note payable requires 95% annual interest, or $2.375, to be paid at the 20th day of each month. The interest was last c. Total weekly salaries expense for all employees is $10,000. This amount is paid at the end of the day on Friday of each five-day company on May 12 paid on April 20, and the next payment is due on May 20. As of April 30, $792 of interest expense has accrued 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 inancial statements as of April 30. For each sitgation, 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.) Journal entry worksheet On April 1, the company retained an attorney for a flat monthly fee of $3,000. 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 esc