CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 12-3 Preparing Payroll Records

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

LESSON 12-3LESSON 12-3

Preparing Payroll Records

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

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LESSON 12-3

PAYROLL REGISTERPAYROLL REGISTER page 351

8. Health insurance premium deductions2. Payment date

3. Employee personal data9. Other employee payroll deductions

4. Earnings10. Total deductions

5. Federal income tax withheld11. Net pay

6. Social security tax withheld12. Total, prove, and rule

7. Medicare tax withheld13. Check number

1. Pay period date

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

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LESSON 12-3

EMPLOYEE EARNINGS RECORDSEMPLOYEE EARNINGS RECORDS page 353

7. Total and prove

5. Earnings, deductions, net pay

2. Employee personal data

1. Last day of quarter

4. Pay period

3. Beginning accumulated earnings

6. Updated accumulated earnings

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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

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LESSON 12-3

TERMS REVIEWTERMS REVIEW

payroll register net pay employee earnings record

page 355

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

LESSON 12-4LESSON 12-4

Preparing Payroll Checks

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

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LESSON 12-4

PAYROLL BANK ACCOUNTPAYROLL BANK ACCOUNT

1. Prepare the check stub.

page 356

2. Prepare the check.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

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LESSON 12-4

EMPLOYEE’S PAYROLL CHECKEMPLOYEE’S PAYROLL CHECK page 357

1. Prepare the check stub of each employee’s payroll check.

2. Prepare each employee’s payroll check.