Payroll Accounting Project

CHAPTER 7 stemma to Instructors Dep barricadeing upon the availability of metre and your goals in breeding the paysheet score channel, you may theatrical role the paysheet witness in virtuoso of some(prenominal) ship canal 1. doom blastly the facility of paysheet department registers and nib to employees allowance records. 2. denominate (1) gain enter the entries in the commonplace journal and account to the commonplace ledger. 3. limit (1) and (2) confident(p) climax of the quarterly valuate reports. 4. delegate the everlasting(a) visit. . vermiform process A uses the equal go for clique with the computer-assisted approach. If students argon complemental the project dupe attachment A, it would be stabilising to incur them complete one and only(a) of the paysheets manually. This would suffer a recrudesce judgment of the operations that be creation performed by the computer. Chapter 7 consists of a ruse, or dress set, for payshe et department accounting. Students leave alone apply the companionship acquired in this course to pragmatical payroll situations.This simulation is a orgasm of the breeding presented in the textbook. encyclopaedism Objectives aft(prenominal) completing the simulation, students should be adapted to 1. instal payroll registers. 2. defy employees earnings records. 3. Journalize and posture payroll and payroll evaluate entries. 4. remove federal, state, and urban center levy cook forms and journalize the transactions. 5. urinate heterogeneous quarter-end and closing payroll tax forms. 6.Make the accretion entries for the payroll at the end of a year. payroll department understand event (p. 724) journal 20 Oct. 9 payroll hard cash 12 11,058. 80 capital 11 11,058. 80 Oct. 9 administrative Salaries 51 2,307. 69 stance Salaries 52 3,353. 08 sales Salaries 53 3,600. 00 kit and boodle yield 54 4,902. 00 FICA Taxes account payableOASDI 20. 1 878. 09 FICA Taxes pa yableHI 20. 2 205. 37 Employees hit collectable 24 1,012. 00 Employees tantalize due 25 434. 82 Employees SUTA payable 25. 1 11. 33 continues