Payroll Accounting Ch. 6 - Journal Entries скачать в хорошем качестве

Payroll Accounting Ch. 6 - Journal Entries

In this lecture, we focus on recording payroll transactions and the related journal entries within the payroll accounting system. This chapter includes four core journal entries that capture the payroll process from gross pay through employer tax obligations and deposits. We begin by recording payroll information in the payroll register and posting amounts to employees’ earnings records. The lecture then reviews the various deductions taken from gross pay, including both voluntary deductions and involuntary deductions such as payroll taxes and garnishments. Next, we walk step by step through journalizing the payroll entry and the employer payroll tax entry, clearly identifying how liabilities are recorded and how payroll expenses are recognized. We also demonstrate how these entries are posted to the appropriate general ledger accounts to accumulate payroll information properly. The lecture continues with an explanation of how payroll tax deposits are recorded and why accurate tracking of liabilities is essential for compliance. Finally, we discuss the purpose of end-of-period adjustments and how they ensure payroll expenses and liabilities are properly reported. This video follows Chapter 6 of the Cengage Payroll Accounting course and is designed to reinforce lecture concepts, homework problems, and exam preparation. If you find this walkthrough helpful, please like the video and subscribe for more payroll and accounting content.