e Chrome File Edit View History Gbjs - Google Search Bookmarks Profiles Tab x QuickLaunchSSO :: Single Siç x Window Help M Question 5- Chapter 3 Home .X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Chapter 3 Homework Saved 。 Help Save LO 5 9.25 points eBook Hint Ask Print References Exercise 3-8 (Algo) Adjusting and paying accrued expenses LO P3 a. On April 1, the company hired an attorney for April for a flat fee of $2,000. Payment for April legal services was made by the company on May 12. b. As of April 30, $2,102 of interest expense has accrued on a note payable. The full interest payment of $6,307 on the note is due on May 20. c. Total weekly salaries expense for all employees is $11,000. 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. Note: Do not round intermediate calculations. Mc Graw Hill View transaction list Journal entry worksheet 1 2 3 4 5 6 On April 1, the company hired an attorney for April for a flat fee of $2,000. Payment for April legal services was made by the company on May 12. Prepare the required adjusting entry, if any. Note: Enter debits before credits. 30 < Prev 5 of 10 Next > ⚫tv A Aa ← -> с G Search or type URL ☆ W 8 9 C C Help e M Question 6-Chapter 3 Home .x e Chrome File Edit View History Bookmarks Profiles Tab Window Gbis-Google Search x QuickLaunchSSO :: Single Si x ල Chapter 3 Homework i ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Saved 6 8.54 points eBook Hint Ask Print References Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] a. M&R Company provided $2,400 in services to customers in December, which are not yet recorded. Those customers are expected to pay the company in January following the company's year-end. b. Wage expenses of $1,400 have been incurred but are not paid as of December 31. c. M&R Company has a $5,400 bank loan and has incurred (but not recorded) 6% interest expense of $324 for the year ended December 31. The company will pay the $324 interest in cash on January 2 following the company's year-end. d. M&R Company hired a firm that provided lawn services during December for $540. M&R will pay for December lawn services on January 15 following the company's year-end. e. M&R Company has earned $240 in interest revenue from investments for the year ended December 31. The interest revenue will be received on January 15 following the company's year-end. f. Salary expenses of $940 have been earned by supervisors but not paid as of December 31. Mc Graw Hill Exercise 3-11 (Algo) Preparing adjusting entries-accrued revenues and expenses LO P3, P4 Prepare year-end adjusting journal entries for M&R Company as of December 31 for each of the above separate cases. View transaction list 30 < Prev 6 of 10 Next > dtv ← → C' G Search or type URL ⭑ W F R Help Save Aa b C 5 6 8 O 0 U 4