Determine the payroll accrual Amounts for closing March 2021.

 Prepare payroll accrual JE(s) to close March 2021.

  

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Payroll Schedule Pay Date 3/5/2021 3/19/2021 4/2/2021 Total 4/16/2021 4/30/2021 5/14/2021 5/28/2021 6/11/2021 6/25/2021 Payroll Register - 04/02/2021 Hire Date Employee Employee A Employee B Employee C Total Payroll Start Date Payroll End Date 2/27/2021 3/13/2021 3/27/2021 4/10/2021 4/24/2021 5/8/2021 5/22/2021 6/5/2021 6/19/2021 Payroll Register - 04/16/2021 Employee Hire Date Employee A Employee B Employee C Employee D 2/14/2021 2/28/2021 3/14/2021 3/28/2021 4/11/2021 4/25/2021 5/9/2021 5/23/2021 6/6/2021 01/01/2020 05/15/2020 07/10/2020 01/01/2020 05/15/2020 07/10/2020 04/01/2021 Gross Pay Gross Pay 6,923.08 5,000.00 4,615.38 16,538.46 6,923.08 5,000.00 4,615.38 4,615.38 21,153.85 Employer Taxes 553.85 400.00 369.23 1,323.08 553.85 400.00 369.23 369.23 Employee Tax Withholding Net Pay 1,523.08 1,100.00 1,015.38 Employer Taxes Employee Tax Withholding Net Pay 1,523.08 1,100.00 1,015.38 1,015.38 1,692.31 3,638.46 4,653.85 5,400.00 3,900.00 3,600.00 12,900.00 5,400.00 3,900.00 3,600.00 3,600.00 16,500.00 Accrual for March 2021 close Payroll Taxes Gross Pay 0.00 0.00 Accrual for March 2021 close Payroll Taxes. Gross Pay 0.00 0.00 Payroll Schedule Pay Date 3/5/2021 3/19/2021 4/2/2021 Total 4/16/2021 4/30/2021 5/14/2021 5/28/2021 6/11/2021 6/25/2021 Payroll Register - 04/02/2021 Hire Date Employee Employee A Employee B Employee C Total Payroll Start Date Payroll End Date 2/27/2021 3/13/2021 3/27/2021 4/10/2021 4/24/2021 5/8/2021 5/22/2021 6/5/2021 6/19/2021 Payroll Register - 04/16/2021 Employee Hire Date Employee A Employee B Employee C Employee D 2/14/2021 2/28/2021 3/14/2021 3/28/2021 4/11/2021 4/25/2021 5/9/2021 5/23/2021 6/6/2021 01/01/2020 05/15/2020 07/10/2020 01/01/2020 05/15/2020 07/10/2020 04/01/2021 Gross Pay Gross Pay 6,923.08 5,000.00 4,615.38 16,538.46 6,923.08 5,000.00 4,615.38 4,615.38 21,153.85 Employer Taxes 553.85 400.00 369.23 1,323.08 553.85 400.00 369.23 369.23 Employee Tax Withholding Net Pay 1,523.08 1,100.00 1,015.38 Employer Taxes Employee Tax Withholding Net Pay 1,523.08 1,100.00 1,015.38 1,015.38 1,692.31 3,638.46 4,653.85 5,400.00 3,900.00 3,600.00 12,900.00 5,400.00 3,900.00 3,600.00 3,600.00 16,500.00 Accrual for March 2021 close Payroll Taxes Gross Pay 0.00 0.00 Accrual for March 2021 close Payroll Taxes. Gross Pay 0.00 0.00

Answer rating: 100% (QA)

To determine the payroll accrual amounts for closing March 2021 we need to look at the number of days in March that are covered by each payroll and have not yet been paid as of the end of March We nee... View the full answer