In this project, you are employed by Glo-Brite Paint Company. As the payroll clerk in the Accounting Department, you have been in charge of the payroll records since the company first began operations on January 5 of the current year. The company employs about 800 individuals; but for the purpose of this project, payroll records will be kept for only a dozen or so employees. By understanding the principles of payroll accounting for a few employees, you should be able to keep similar records for several hundred employees.

7-4bDecember 4

No. 19

Prepare the payroll for the first biweekly pay period of December from Time Clerk’s Report Nos. 46 and 47, and record the paychecks issued all employees. Record this payroll at the top of the third payroll register sheet.

Thursday, November 26, is a paid holiday for all workers.

Also, record the employer’s payroll taxes.

  

Time Clerk's Report No. 46 For the Week Ending November 21, 20-- Time Record Time Time Employee W T F Worked Lost 40 hrs. Bonno, A. V. Ford, C. L. Russell, V. A. Ryan, N. A. Student. 8 8 8 8. 8 ... ... 40 hrs. 40 hrs. 8. 8 8 8 8. 8 8 8 8 36 hrs. 36 hrs. 32 hrs. 8 8 8 4 8. 4 hrs.* 8 8 4 8 Woods, B. A. 8 8. 8 8. ... *Time lost on account of personal business; deduct 4 hours' pay.