1. LESSON 3-2 Recording a Payroll and Payroll Taxes
11/24/2018
LESSON 3-2
Recording a Payroll and Payroll Taxes
Modified by D. Burns West Johnston High School
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2. JOURNALIZING PAYMENT OF A PAYROLL
page 71 2 1 4 3 7 5 6
1. Write the date.
5. Enter the liability accounts.
2. Record the salary expense accounts.
6. Record the liability amounts.
3. Enter the check number.
7. Write the net pay.
4. Write the salary expense amounts.
Modified by D. Burns West Johnston High School

3. CALCULATING EMPLOYER PAYROLL TAXES
page 72
Audio Department Payroll Taxes Expense
Modified by D. Burns West Johnston High School

4. JOURNALIZING EMPLOYER PAYROLL TAXES
page 73 4 2 1 3 5 6
1. Write the date.
4. Record the amount of payroll taxes.
2. Write expense account titles.
5. Write the liability account titles.
3. Write the source document.
6. Enter the liability amounts.
Modified by D. Burns West Johnston High School

5. JOURNALIZING PAYMENT OF FEDERAL INCOME TAX, SOCIAL SECURITY TAX, AND MEDICARE TAX LIABILITY
page 74 1 3 5 2 4
1. Write the date.
2. Enter the liability accounts.
3. Write the check number.
4. Enter the liability amounts.
5. Record the amount paid.
Modified by D. Burns West Johnston High School

6. JOURNALIZING PAYMENT OF FEDERAL UNEMPLOYMENT TAX LIABILITY
page 75 1 2 3 4 5
1. Write the date.
2. Enter the liability accounts.
3. Write the check numbers.
4. Enter the liability amounts.
5. Record the amounts paid.
Modified by D. Burns West Johnston High School

7. TERMS REVIEW automatic check deposit electronic funds transfer (EFT)
page 76
automatic check deposit
electronic funds transfer (EFT)
Modified by D. Burns West Johnston High School