Answer:
A. Apr 30
Dr Legal fees expense 2,500
Cr Legal fees payable 2,500
May 12
Dr Legal fees payable 2,500
Cr Cash 2,500
B. Apr 30
Dr Interest expense 2,175
Cr Interest payable 2,175
May 20
Dr Interest expense 4,350
Dr Interest payable 2,175
Cr Cash 6,525
C. Apr 30
Dr Salaries expense 5,600
Cr Salaries payable 5,600
May 03
Dr Salaries expense 8,400
Dr Salaries payable 5,600
Cr Cash 14,000
Explanation
Preparation of the adjusting entry for both April 30 and the subsequent entry during May to record the payment of the accrued expenses.
A. Apr 30
Dr Legal fees expense 2,500
Cr Legal fees payable 2,500
May 12
Dr Legal fees payable 2,500
Cr Cash 2,500
B. Apr 30
Dr Interest expense 2,175
Cr Interest payable 2,175
May 20
Dr Interest expense 4,350
(6,525-2,175)
Dr Interest payable 2,175
Cr Cash 6,525
C. Apr 30
Dr Salaries expense 5,600
(14,000*2/5)
Cr Salaries payable 5,600
May 03
Dr Salaries expense 8,400
(14,000*3/5)
Dr Salaries payable 5,600
(14,000*2/5)
Cr Cash 14,000
