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
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.