Adjusting and paying accrued expenses The following 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 the payment of the accrued expenses.

a. On April 1, the company retained an attorney at a flat monthly fee of \($3,500\). This amount is payable on the 12th of the following month.

b. An \($800,000\) note payable requires \($8,000\) of interest 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, \($2,667\) of interest expense has accrued.