Payroll Calc & Journal Entries | Homework Walkthrough скачать в хорошем качестве

Payroll Calc & Journal Entries | Homework Walkthrough

In this video, we walk through a payroll calculation and journal entry example for Throwback Industries Inc. for the week ended December 9. The problem covers both hourly and salaried employees, overtime pay, and common deductions such as federal income tax, savings bonds, Social Security, and Medicare. We calculate gross pay, deductions, and net pay to prepare a complete payroll summary. The video also demonstrates how to record the payroll in the general journal, step by step, using the correct accounts and format. This walkthrough is designed for accounting students and anyone learning how to calculate payroll and prepare related journal entries accurately and efficiently. Consider liking and subscribing if you found this video helpful!