Exercise 3-8 (Algo) Adjusting and paying accrued expenses LO P3 o. On April 1, the company hired an attomey for April for a flat fee of $3,500 Payment for April legal services was made by the company on May 12 b. As of April 30, $2.232 of interest expense has accrued on a note payable. The full interest payment of $6,697 on the note is due on May 20 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 workweek. April 30 talls 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 payment of the accrued expenses. (Do not round intermediate calculations.) Journal entry worksheet 2 > 3 5 6 On April 1, the company hired an attorney for April for a flat fee of $3,500. 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. Date Debit Credit April 30 General Journal Legal services expense Legal services payable Record entry Clear entry View general journal Prey 1 of 7 !!! Next >