Day 121

After studying Chapter 13, you will be able to:

  • Define accounting terms related to payroll accounting, taxes, and reports.
  • Identify accounting concepts and practices related to payroll accounting, taxes, and reports.
  • Analyze payroll transactions and record a payroll.
  • Record employer payroll taxes.
  • Prepare selected payroll tax reports.
  • Pay and record withholding and payroll taxes.

Lesson 13-2 Notes

  1. Obtain a copy of the notes handout.
  2. Read Lesson 13-2 on pages 373-377.
  3. As you read, utilize this presentation to help you fill in the missing parts on the handout. 

Working Together 13-2

  1. Make a copy of this spreadsheet.
  2. Place this file in your Chapter 13 folder.
  3. Rename the file to Lesson 13-2 (Your Initials)
  4. Complete the spreadsheet according to the directions on page 377 or below.

On Your Own 13-2

  1. Payroll information taken from employee earnings records is given below.  A form and general journal page are provided in the Lesson 13-2 spreadsheet.  Work this problem independently.  Following the instructions on page 377 or below.
    Employee Name Accumulated Earnings, May 31 Total Earnings for June 1-15 Pay Period
    Caldwell, Sarah H. $6,020.00 $580.00
    Easley, Benjamin P. $5,450.00 $620.00
    Franks, John J. $8,420.00 $1,000.00

Self-Assessment 13-2

  1. Complete this self-assessment for Lesson 13-2.  You can use your textbook and notes to complete this assessment. 

Application Problem 13-2

  1. Using your Lesson 13-2 spreadsheet, click on the Application Problem 13-2 sheet at the bottom left, and complete the problem as directed on page 391 or below.