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On April 1, the company retained an attorney for monthly fee of $3, 500. Payment for April legal services was made by the company on

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On April 1, the company retained an attorney for monthly fee of $3, 500. Payment for April legal services was made by the company on 12 A $900,000 note payable requires 12% annual interest, or $9,000 to be paid at the 20th day each month The interest was last paid on April 20 and the next payment is due on 30, of interest expense has accrued Total weekly salaries expense This amount is paid at the end of the day on Friday of each five-day workweek April 30 tails on Tuesday of this year. 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 entry during May to record the payment of the accrued expenses (Use 300 days a year. Do not round intermediate calculations)

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