Question: 1. How do you correct a Payroll Journal entry after you post it? A Payroll Run Journal entry? (4 Marks) 2. How is preparing a

1. How do you correct a Payroll Journal entry after you post it? A Payroll Run Journal entry? (4 Marks)

2. How is preparing a payroll entry for salaried workers different from preparing the entry for workers paid hourly? (3 Marks)

3. How would you reverse a paycheque entered in the Payroll Run Journal? (2 Marks)

4. What should you do in Sage 50 when an employee is terminated? What purpose is served by the information you enter at this time? (4 Marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!