Payroll Accounting 2012
Bernard J. Bieg and Judith A. Toland
CHAPTER 5
Chapter 7
Payroll Project
Developed by Lisa Swallow, CPA CMA MS
How to do the Payroll Project
 Start by Downloading
the template from the Assignment
link in Unit 8
 This template is color coded
by Payroll, the Payroll register
and the journal match by color
 You will complete the work
in Chapter 7
Steps to Complete Work
 VERY IMPORTANT!!!!!!
 Read everything carefully
 Pages 7-2 through 7-6 give the company information
and the employee details
 Read and trace the transactions for the October 9th
Payroll that has been done for you (pages 7-7 through 710)
 If you have questions-ask sooner rather than later, and
attach your template so that I can see where you are.
 Take your time and start early.
Total Points
 The Final Project is worth 210 points; the final project
will be broken down into six (6) parts.
 For each part of the payroll project you should
complete the Journal, General Ledger, Payroll Register,
and the Employee Earnings Record as applicable.
When completing the Payrolls, complete the payroll
register first, then transfer each employee’s amounts to
the Employee Earnings Record, then complete the
Journal entries applicable to the payroll, and then post
to the general ledger.
Steps to Complete Work
 You have payrolls for the following dates:
 October 9 (this one has been done for you)
 October 23
 November 6
 November 13
 November 20
 December 4
 December 14
 December 18
 There are transactions between the payrolls that require
journal entries to record the payroll taxes and deposit of
taxes
The order to complete the work
Complete the Payroll register first
1.
2. Transfer the individual employee payroll data to the
employee earnings record
3. Complete the General Journal

Be sure that when it says a deposit was made that you
record it in the journal
4. Post to the General Ledger
Submitting your Work
 Each Part of the project will be submitted separately
for grading, you will submit the entire template, and
the instructor will grade each part separately and
award points based on completion and correctness. Be
sure to look at the feedback provided by the instructor
for corrections that may affect your ending balances.
Unit 8
 Complete the Payrolls, Employee Earnings Record,
Journal Entries and Post to the Ledger for:
 October 9 (this one has been done for you)
 October 23
 November 6
 November 13
 You must use the template provided-work will not be
graded if the template is not used
Unit 8 Continued
 Part 1 (35 points) October 20th – November 4th on pages
7‐11 and 7‐12 in the template this is color coded yellow. Use
Journal page 42. (Due in Unit 8)
 Part 2 (35 points) November 6th ‐ 18th on pages 7‐12, 7‐13
and 7‐14 in the template this is color coded blue. Use
Journal page 43. (Due in Unit 8)
 Part 3 (35 points) November 20th and 30th on pages 7‐14,
7‐15 and 7‐16 in the template this is color coded dark pink.
Use Journal page 44. (Due in Unit 8)
Unit 9
 Complete the Payrolls, Employee Earnings Record,
Journal Entries and Post to the Ledger for:
 November 20
 December 4
 December 14
 December 18
 You must use the template provided-work will not be
graded if the template is not used
Unit 9 Continued
 Part 4 (35 points) December 3rd‐ 4th on pages 7‐16 in the
template this is color coded orange. Use Journal page 45.
(Due in Unit 9)
 Part 5 (35 points) December 9th – 15th on page 7‐17, in the
template this is color coded tan. Use Journal page 46. (Due
in Unit 9)
 Part 6 (35 points) December 18th – February 1st on pages
7‐17 through 7‐20, in the template this is color coded Blue.
Use Journal page 47. (Due in Unit 9)
Check Figures for the Payrolls
 October 9 (this one has been done for you)
 Total Earnings: $14,162.77
 Net Pay: $ 11,058.80
 October 23
 Total Earnings: $14,484.69
 Net Pay: $ 11,131.63
 November 6
 Total Earnings: $ 14,130.48
 Net Pay: $ 10,897.23
Check Figures for the Payrolls
 November 13
 Total Earnings: $ 2,079.32
 Net Pay: $ 1,412.13
 November 20
 Total Earnings: $ 12,640.23
 Net Pay: $ 8,240.91
 December 4
 Total Earnings: $ 14,431.09
 Net Pay: $ 9,722.77
Check Figures for the Payrolls
 December 14
 Total Earnings: $ 1,425.16
 Net Pay: $ 1,306.30
 December 18
 Total Earnings: $ 74,922.49
 Net Pay: $ 39,367.66
Questions?