Presentation on theme: "LESSON 13-1 Recording A Payroll"— Presentation transcript:
1 LESSON 13-1 Recording A Payroll 4/20/2017LESSON 13-1Recording A Payroll
2 Forms of Payroll Information Payroll Register and Employee Earnings RecordJournal entries to record payroll and employer payroll taxesQuarterly and annual payroll tax reports are required to report payment of payroll taxes
3 PAYROLL REGISTER Employee Income Tax Payable Social Security MedicareTax PayableSalary ExpenseDebitNormal BalanceCreditNormal BalanceCreditNormal BalanceCreditNormal Balance$5,711.40$371.00$354.11$82.83Health Insurance Premiums PayableSavings Bonds PayableUnited Way Donations PayableCashCreditNormal BalanceCreditNormal BalanceCreditNormal BalanceDebitNormal Balance$219.00$35.00$40.00$
5 JOURNALIZING PAYMENT OF A PAYROLL December 15. Paid cash for payroll, $4, Check No. 335.21345671. Write the date.5. Write the total amount paid to employees.2. Write the title of the account debited.6. Write the titles of accounts credited.3. Write the check number.7. Write the amounts credited.4. Write the account debited.
6 Problems Work Together 13-1 (Text pg. 372) Application 13-1 (Text pg. 391)