JOURNALIZING PAYMENT OF A PAYROLL 1. Write the date. 1 7 7. Write the net pay. 3 3. Enter the check number. 2 2. Record the salary expense accounts. 4 4. Write the salary expense amounts. 6 6. Record the liability amounts. 5 5. Enter the liability accounts. Lesson 3-3, page 80
JOURNALIZING EMPLOYER PAYROLL TAXES 1. Write the date. 1 2. Write the expense account. 2 4. Record the amount of payroll taxes. 4 3. Enter the source document. 3 6. Enter the liability amounts. 6 5. Enter the liability accounts. 5 Lesson 3-3, page 81
JOURNALIZING PAYMENT OF FEDERAL INCOME TAX, SOCIAL SECURITY TAX, AND MEDICARE TAX LIABILITY 2. Enter the liability accounts. 2 3. Write the check number. 3 1. Write the date. 1 5. Record the amount paid. 5 4. Enter the liability amounts. 4 Lesson 3-3, page 82
JOURNALIZING PAYMENT OF FEDERAL UNEMPLOYMENT TAX LIABILITY 2. Enter the liability accounts. 2 3. Write the check numbers. 3 1. Write the date. 1 4. Enter the liability amounts. 4 5. Record the amounts paid. 5 Lesson 3-3, page 83
TERMS REVIEW automatic check deposit electronic funds transfer (EFT) Lesson 3-3, page 84