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Exercise 3-5 (Algo) Adjusting and paying accrued expenses LO P3 a. On April 1, the company hired an attorney for a flat monthly fee of $2,000. Payment for April legal services was made by the company on May 12. b. As of April 30, $920 of interest expense has accrued on a note payable. The full interest payment of $2,760 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 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 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.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Apr 30 2,000 Legal services expense Legal services payable 2,000 2 May 12 2,760 Interest expense Interest payable 920 3 Apr 30 Salaries expense 2,760