Accounting: adjusting journal entry?

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if have financial statement month ended april 30... can adjust transaction happened in may? don't understand clearly. text book never said when valid.

here situation.

following situation require adjusting journal entry prepare financial statements of april 30, 2011. situation, present adjusting entry , entry made record payment of accrued liability during may 2011.

on aprill 1, company retained lawyer @ flat monthly fee of $2500. amount payable on 12th of following month.

answer guessing
apr 1. lawer expense 2500
lawyer service payable 2500
may 12. salaries payable 2500
cash 2500
, of course may 1 have 2500 being recorded on own.

if have financial statement month ended april 30... can adjust transaction happened in may? don't understand clearly. text book never said when valid. here situation. following situation require adjusting journal entry prepare financial statements of...


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