1. Lesson 14-1
PAYROLL REGISTER
Lesson 14-1, page 332

2. ANALYZING PAYMENT OF PAYROLL
Lesson 14-1, page 333

3. JOURNALIZING PAYMENT OF A PAYROLL
December 15. Paid cash for semimonthly payroll, $ (total payroll, $3,803.75, less deductions: employee income tax, $273.00; social security tax, $247.26; Medicare tax, $57.07; health insurance premiums, $182.40; U.S. Savings Bonds, $35.00; United Way donations, $20.00). Check No. 312.
Accounts Affected
Salary Expense
Employee Income Tax Payable
Social Security Tax Payable
Medicare Tax Payable
Health Insurance Premiums Payable
U.S. Savings Bond Payable
United Way Donations Payable
Cash
Classification
Expense
Liability
Asset
Change
Increased
Decreased
Entered
Debit side
Credit side
Lesson 14-1, page 334

4. JOURNALIZING PAYMENT OF A PAYROLL4 2 5 3 1 6 7
1. Write the date.
2. Write the title of the account debited.
3. Write the check number.
4. Write the amount debited to Salary Expense.
5. Write the amount credited to Cash.
6. Write the titles of the accounts credited.
7. Write the credit amounts.
Lesson 14-1, page 334