a . On April 1 , the company hired an attorney for April for a flat fee
Question:
a On April the company hired an attorney for April for a flat fee of $ Payment for April legal services was made by the company on May
b As of April $ of interest expense has accrued on a note payable. The full interest payment of $ on the note is due on May
c Total weekly salaries expense for all employees is $ This amount is paid at the end of the day on Friday of each fiveday workweek. April falls on a Tuesday, which means that the employees had worked two days since the last payday. The next payday is May
The above three separate situations require adjusting journal entries to prepare financial statements as of April For each situation, present both the April adjusting entry and the subsequent entry during May to record payment of the accrued expenses.
Note: Do not round intermediate calculations.
Journal entry worksheet
On April the company hired an attorney for April for a flat fee of $ Payment for April legal services was made by the company on May Prepare the required adjusting entry,