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2 a. On April 1, the company retained an attorney for a flat monthly fee of $3,500. Payment for April legal services was made by the company on May 12. b. A $680,000 note payable requires 96% annual interest, or $5,440, to be paid at the 20th day of each month. The interest was last paid on April 20, and the next payment is due on May 20. As of April 30, $1.813 of interest expense has accrued. c. Total weekly salaries expense for all employees is $13,000. 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. 10 points 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.) & Answer is not complete. No Date General Journal Debit Credit Apr 30 Legal services expense 3,500 Legal services payable 3,500 May 12 Legal services payable 3,500 Cash 3,500 3 | Apr 30 Interest expense 1,813 Interest payable 1,813 May 20 Interest expense (Use 360 days a year. Do not round intermediate calculations.) 8 Answer is not complete. DebitCredit Date General Journal No 3,500 Apr 30 Legal services expense 3,500 Legal services payable 3,500 May 12 Legal services payable 3,500 Cash 1,813 Apr 30 Interest expense 1,813 Interest payable 4 May 20 Interest expense 1,8130 3,626 interest payable 5.439 Cash 6,000 5 Apr 30 Salaries expense Salaries payable 6,000 May 03 Salaries expense Salaries payable K Prev 2 of 9 i Next > O Type here to search