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Chapter 11: Q9RQ (page 604)

How might a business use a payroll register?

Short Answer

Expert verified

The payroll register is used as an original book for recording payroll transactions.

Step by step solution

01

Payroll Register

The payroll register is the summary of all earnings, withholdings, and net for each employee. This register lists all the employees with their gross pay, list of all withholdings, net pay, and check number.

02

Use of payroll register

The payroll register acts as an original book of entry for recording the payroll journal entry. The journal entry is made by debiting the gross pay and crediting all withholdings and net pay payable. This register is also used by the company for taking several payroll-related decisions.

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Most popular questions from this chapter

What do short-term notes payable represent?

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Hugh Stanley manages a Dairy House drive-in. His straight-time pay is \(12 per hour, with time-and-a-half for hours in excess of 40 per week. Stanley鈥檚 payroll deductions include withheld income tax of 20%, FICA tax, and a weekly deduction of \)5 for a charitable contribution to United Way. Stanley worked 58 hours during the week.

Requirements

  1. Compute Stanley鈥檚 gross pay and net pay for the week. Assume earnings to date are $18,000.
  2. Journalize Dairy Houses wages expense accrual for Stanley鈥檚 work. An explanation is not required.
  3. Journalize the subsequent payment of wages to Stanley.

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Runner guarantees its snowmobiles for three years. Company experience indicates that warranty costs will be approximately 5% of sales. Assume that the Trail Runner dealer in Colorado Springs made sales totaling \(600,000 during 2018. The company received cash for 20% of the sales and notes receivable forthe remainder. Warranty payments totaled \)10,000 during 2018.

Requirements

Record the sales, warranty expense, and warranty payments for the company.

Ignore cost of goods sold.
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