Refer To The December 18th Payroll Register. What Is The Amount Of Total Earnings For O'neill?

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Payroll Project - Dec iv Payroll - Short Version

The payroll project that follows is the online version of the aforementioned project you completed manually in Affiliate 7 of your text. For this project, you will utilise the Cengage Learning General Ledger to simulate how a existent visitor would use general ledger software to maintain payroll records and payroll journal transactions. In this projection, you are employed by Glo-Brite Paint Company as the person in the accounting department responsible for the visitor'due south payroll processing using the computerized payroll organization.

However, dissimilar the payroll project in Chapter vii, y'all volition but complete the payrolls for the month of December and the optional last quarter and year-end activities. The opening balance file yous will utilize will already contain all the processing for the get-go two months of the quarter.

Your piece of work will involve the figurer processing of the payrolls for the final month of the yr and the completion of the final quarter and almanac taxation reports and forms. You lot may complete the required deposit, quarterly, yearly, etc., forms described in Affiliate seven. If you have already completed these forms for the manual pupil projection, y'all can apply these as a reference every bit yous progress through this projection.

To help you get started, the kickoff pay menstruum of December is provided as a tutorial trouble that illustrates the principles and procedures required to process payroll transactions using the Cengage Learning General Ledger software. In subsequent pay period processing, whenever a new operational procedure is used for the first time, additional pedagogy will be provided.

This project has been broken downwards into several assignments comprising all or part of the project in your text. The assignments are delivered online using the CengageNOWv2 learning management system, with each consignment being graded automatically and submitted to your instructor. Your teacher may cull to take you consummate only part of this project, and then watch the dates and follow the instructions advisedly.

Note: Throughout this project, some of the computer-calculated withholding amounts (e.1000., federal income revenue enhancement) will differ slightly from the amounts (from the taxation tables) in the manual payroll project in Chapter 7. This occurs considering the estimator uses the annualized percentage method to compute withholding taxes, using the percentage method tables rather than the wage bracket method tables used in your text.  Also, one- or 2-cent differences will occur throughout the solutions because of rounding differences. Finally, some of the business relationship numbers differ slightly from those in your text, simply at that place is a pop-upwardly "Chart of Accounts" available to aid yous chop-chop find the accounts you need in the software, or only click the Chart of Accounts link in the upper left of your screen.

Some of the accounting forms in this project can be wider than your computer screen, depending on its resolution. If a form scrolls off the screen to the right, you tin maximize screen space by clicking on the << icon on the left menu bar to shrink that bill of fare. You can so grab the acme of any form window and drag it to the left of your screen, and use the horizontal curl confined at the bottom of the class window, or the lesser of your screen, to motility the class more comfortably into view.

To become the left bill of fare bar back, just click on the >> icon.

Follow the steps below to consummate the December 4 payroll transactions using Cengage Learning Full general Ledger.  To admission boosted Help for any function, click on the Aid push that appears at the bottom of the screen. At that place is a Help screen with additional information and sample screens for every card pick in the program. Click on the Save and Exit button on your screen at any betoken to salvage your piece of work if you need to stop working to go on later. Your piece of work will automatically be restored when you lot return.

1. Ready the System Appointment at the bottom of the screen to December 3, 2017. Note that the yr needs to exist 2017 in lodge for the problem to grade correctly.
2. Click on the General Ledger tab and select the Nautical chart of Accounts from the Account Lists department. Review this list to empathise how the software designates the Payroll accounts.
3. Enter the employee maintenance data. Click on the top bar Payroll tab and the Maintain Employees chore from the left menu bar.
   
   • Alter Catherine 50. Ford'southward salary amount to $1,280.00 because of a salary increase.
   • Change Virginia Russell's salary amount to $1,260.00 because of a salary increase.
   • Scroll downwards to select employee number 180 (Pupil), central your own name in the Employee Name field (enter your last name in all uppercase letters similar to the other employees), and then Tab out of the field.Note: Do non modify any of the other fields. If you practice, your solutions will not be correct.
   • Add new employee: Employee number 210; Young, Paul Winston; 7936 Holmes Drive, Philadelphia, PA 19107-6107; social security number, 000-00-6057; single, salaried, $1,260.00; number of pay periods per year, 26; withholding allowances, 1; Account No. 53 (Sales Salaries).
   • Click on the Close push, and click "Aye" to take your changes.
4. Enter and post the post-obit transaction, which is shown in Figure A-9 below.
   • December iii: Deposited the Pennsylvania country income taxes withheld from the November twenty payroll (Employees SIT Payable). First determine current account balances using the General Ledger Report in the left bill of fare bar nether the General Ledger tab. Look for the outstanding residue in account #25. Next, select the Full general Periodical task and click on the Add New Entry button. Enter the first account number (25) or click on the pop-up Chart of Accounts icon to display a listing for choice. Enter the debit corporeality to clear the existing credit to Employees SIT Payable. Then Tab to the next row, or click on Insert Debit/Credit over again to enter the credit (the aforementioned corporeality) to the Cash account (11).  Finally, click on the Postal service button to post this entry to the General Ledger.

     

5. Enter the Payroll transactions for the period using the detailed instructions in steps (a) through (i) below. Refer to the following pay list for this period.

   

   To enter the payroll records, click on the Pay Employees task from the left menu bar.  Equally noted above, you volition probably accept to shrink the left carte du jour bar (using the << icon) and grab the top of the Payroll form with your mouse to reposition information technology to better fit on your screen. You should likewise gyre over to grab the lower right corner of the form to drag it downward to fill the screen.

   1. The prior months' payroll information is already entered, and volition evidence upwardly in the reports, but NOT in the payroll entry screens.  Click on the Deductions push button to display the Voluntary Deductions check boxes. Uncheck the Group Insurance, merely checkUnion Dues and Simple Plan (which is the same every bit Simple Contributions Payable) boxes, and click OK.

      

   2. For each pay menstruum, you lot will demand to add a new record to this payroll register for each employee to be paid. Click on the Add together button to add a new pay record for each of the above employees, and then enter the corresponding fields. You lot may need to scroll down to the bottom of the payroll form to see the newly-added line.
   3. Date: Use the popular-up calendar to change the engagement to 12/04/17. Payroll recording is very dependent on having the right dates, so verify this date, especially for the first employee in any payroll set.
   4. Employee Name: Select the proper name from the driblet-downward list or primal the commencement letter of the employee'south last name until the right name appears.
      
   5. Check No.: Start with check number 712 to continue from where the previous month left off. This number volition automatically increase by one for each subsequent employee. It is disquisitional to become this check number correct for each employee, forth with the date, as this is how the software matches upwardly your entries for grading.
   6. Salary or Hours worked: For salaried employees, the salary should display automatically. For hourly employees, click on the Reg. Hours field and enter the number of regular work hours shown to a higher place.  When shown, enter the number of hours in the "OT i 1/ii" and"OT Double" boxes to record the appropriate overtime hours. Note that you need to enter the salary amount shown for Beth Anne Wood to override the regular salary amount.
   7. For the 2 spousal relationship employees noted above, change the Union Dues field to $eight, which is this menstruation's dues amount.
   8. Click on the Summate Taxes push for each employee to fill up the remaining fields. Net Pay will calculate automatically, and Gross Pay will brandish at the bottom of the form. Review the amounts calculated for reasonableness.
   9. Click Add together to outset a new employee or Shut when done. You may need to confirm the information you entered or the changes you made.  If you make a mistake, merely go to the appropriate line and field, and alter the value. Click on the Calculate Taxes push again to recalculate those amounts. Net Pay will re-compute automatically.
6. Display the Employee List report.  Click on the Employee List from the Payroll left menu bar. The report is shown in Effigy A-10 below. Verify the accuracy of the maintenance input from step iv in a higher place and brand any corrections via the Maintain Employees carte option.

   

7. Brandish the Payroll report. Click on thePayroll Written report item from the left menu bar. The payroll report for Employee 100; Bonno, Anthony Victor, followed by the payroll summary, is shown in Figure A-11. Due to its length, only the commencement employee and the summary are shown. If the summary is incorrect, review the list of employees to be paid from Step 5 higher up.  Check your numbers, and make any changes using the Pay Employees chore.

   

8. Generate and post the periodical entry for the current payroll. Click on the Electric current Payroll Journal Entry task on the left carte bar. Click Yes when asked if you want to generate the periodical entry. If your periodical entries do not lucifer those shown in Figure A-12, bank check your employee list and payroll report for keying errors, and go back to make the necessary corrections. If they are correct, click on Post. The journal entry will reappear, posted, in the General Journal.Notation: The software combines both the entries for Employee's SUTA Tax Payable and Employer's SUTA Tax Payable into one account.

   

9. Generate and post the employer's payroll taxes journal entry. Click on theEmployer's Payroll Taxes Journal Entry chore on the left menu bar. Compare your entries as they announced in the Payroll Taxes Periodical Entries dialog box, to Figure A-13 beneath. Click Yes when asked if you want to generate the journal entry. If they are correct, click on Post, otherwise get dorsum and re-check your inputs. Afterwards you accept the entries, they will reappear, posted, in the General Journal.

   

10. Enter and post the December four General Journal entry to record the eolith of greenbacks for the total internet amount owed to employees in the payroll cash account. This is likewise found every bit the current period Cyberspace Pay value on the Payroll Report. Click on the General Ledger tiptop tab and the General Journal task. Enter the transaction shown in Figure A-14 below past first clicking on the Add New Entry button. Verify the date and enter General as the reference. Side by side, click on the Insert Debit/Credit button, enter the get-go business relationship number (12) or click on the popular-up Chart of Accounts icon to display a list for selection. Enter the debit amount to clear the existing credit to Payroll Cash from the first journal entry above. And so Tab to the adjacent row, or click on Insert Debit/Credit once more to enter the credit to the Cash account.  Finally, click on the Postal service push button to post this entry to the General Ledger.

    

11. Display the Full general Periodical report. With the General Ledger tab still displayed, click on the General Periodical report from the Journal Reports section of the left menu bar. The Full general Periodical report is shown in Figure A-15. Note that you demand to change the dates of the written report to match the dates of the assignment, 11/21/2017 through 12/04/2017. Y'all can also customize the report to display only certain Reference values or account numbers.

    

12. Display the General Ledger report. With the General Ledger meridian tab selected, click on Full general Ledger from the Ledger Reports department of the left menu bar. A partial General Ledger written report is shown in Figure A-16.  You can too customize this report to list merely a selected range of accounts.

    

13. Generate a labor distribution graph. Click on the Company tiptop tab and the Labor Distribution item from the left menu bar to generate the graph shown in Figure A-17. Note that the software creates the graph from the year-to-date values, rather than the month-to-date values in the key.

    

14. If there is a Check My Work link on lower-correct of your screen, click on that link to review your work. Any errors you take will be noted with a red X, then try to locate the source of the errors and correct them. If the business relationship values are incorrect, you volition probable detect an individual employee listed in the fault particular written report that is also incorrect. After fixing private employees using the Pay Employees job, you lot can delete any of the journal entries, using the General Journal chore under the General Ledger top tab, and retry any or all of the steps above.
15. When you are comfy that you have completed all steps of the problem correctly click on the Submit Consignment for Grading button on the lower-right of your screen. You lot volition exist graded primarily on 3 criteria for the payroll problems:
    • Are the pay settings for each employee correct (rate, deductions, etc.)?
    • Are all menses's payroll entries correct for each employee?
    • Are the ending balances in each General Ledger account correct?
    Annotation that the periodical entries themselves are not graded. If the journal entries are correct, the final General Ledger balances will and then also be right.

Refer To The December 18th Payroll Register. What Is The Amount Of Total Earnings For O'neill?,

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