LESSON 13-1

1. LESSON 13-1 Recording A Payroll Original created by M.C. McLaughlin, Thomson/South-Western Modified by Deborah L. Burns, Johnston County Schools, West Johnston High School

2. PAYROLL REGISTER page 369 • The payroll register & employee earnings records provide all the payroll information needed to prepare payroll & payroll tax reports. • Similar to special journal, the column totals of a payroll register provide the debit & credit amounts needed to journalize a payroll LESSON 13-1

3. ANALYZING PAYMENT OF A PAYROLL page 370 • Gross salaries are considered a business expense • All deduction withholdings are liabilities until paid • The net pay total is the amount of all payroll checks written and will be a credit to cash LESSON 13-1

4. JOURNALIZING PAYMENT OF A PAYROLL page 371 December 15. Paid cash for payroll, $4,609.46. Check No. 335. 2 1 3 4 5 6 7 1. 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. LESSON 13-1