1.

Prepare a payroll register for January 15 using the information provided for Lorraine

Batista, Marissa Owens, and Thomas Wilkens.

2.

Create an Employee Earnings Record for Lorraine Batista, Marissa Owens, and

Thomas Wilkens.

3.

Record the information from the register

in each employee's earning record.

4.

Journalize the following:

a.

January 15 payroll entry

b.

Employers payroll taxes for CPP and EI

c.

Update the appropriate ledger accounts

5.

On January 15 pay the employees and complete any required journal or ledger

entries.

6.

Prepare a payroll register for January 31 using the information provided for Lorraine

Batista, Marissa Owens, and Thomas Wilkens.

a.

Note: Thomas Wilkens quit on January 29. It was mutually agreed between

The Cherry Grove and Wilkens that 2 weeks' notice would not be required

Ensure you calculate his final wages correctly

and use the current year.

b.

Complete an ROE and a T4 for this employee to include with his paycheque on

February 1.

(Please note: T4's are generated once per year in February for the

previous tax year.

Generating a T4 for Thomas Wilkens is to demonstrate your

ability to complete a T4)

7.

Complete a paycheque/stub for Lorraine Batista.

There is no need to create

paycheques/stubs for the other two employees. Don't forget to add in the previous

amounts that would have been included on a previous paycheque under the YTD

section of the paystub as well as any employer portion.

8.

Record the information in eac

h employee's earning record.

9.

Journalize the following:

a.

January 31 payroll entry

b.

Employers payroll taxes for CPP and EI

c.

Update the appropriate ledger accounts

10.

On January 31 pay the employees and remit any other funds, such as RPP or Share

Purchase Plan, collected throughout the month.

11.

Prepare a PD7A for the January source deductions. Record this entry in the journal

and update the ledger accounts.

Final Payroll Project

7