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Lemon Ltd. adjusts its books monthly Year end is October 31 Lemon pays employees every 2 weeks on Wednesday. Payment is
Posted: Tue Nov 16, 2021 9:24 am
by answerhappygod
- Lemon Ltd Adjusts Its Books Monthly Year End Is October 31 Lemon Pays Employees Every 2 Weeks On Wednesday Payment Is 1 (24.03 KiB) Viewed 49 times
Lemon Ltd. adjusts its books monthly Year end is October 31 Lemon pays employees every 2 weeks on Wednesday. Payment is for the 2 weeks of work ending with the preceding Sunday. Employees work Monday to Friday. Regular bi-weekly salaries of $5,000 were last paid on Wednesday, November 29. Calculate and submit adjusting entries for the end of November in the space provided below. Explain your calculation.