Preparing an employee earnings record Grady R. Hurleys earnings for the six semimonthly pay periods in July,
Question:
Preparing an employee earnings record Grady R. Hurleys earnings for the six semimonthly pay periods in July, August, and September of the current year are given in the Working Papers. Deductions and net pay have been completed for July and August. The following additional data about Grady R. Hurley are needed to complete the employee earnings record
Instructions:
1. Calculate and record the accumulated earnings for the July and August pay periods.
2. Complete the earnings record for the pay periods ended September 15 and September 30.
3. Total all amount columns on the earnings record.
4. Verify the accuracy of the completed employee earnings record. The Quarter Total for Regular and Overtime Earnings should equal the Quarter Total for Net Pay plus Total Deductions. The Quarter Total for Total Earnings should equal the end-of-quarter Accumulated Earnings minus the beginning-of-quarter Accumulated Earnings.
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett