Payroll Accounting 2026 Release by
Jeanette M Landin
Complete Chapter Solutions Manual
are included (Ch 1 to 7)
** Immediate Download
** Swift Response
** All Chapters included
** Instructor Guide
,Table of Contents are given below
Chapter 1: Payroll Practices and System Fundamentals
Chapter 2: Payroll System Procedures
Chapter 3: Gross Pay Computation
Chapter 4: Fringe Benefits and Voluntary Deductions
Chapter 5: Employee Net Pay and Pay Methods
Chapter 6: Employer Payroll Taxes and Labor Planning
Chapter 7: The Payroll Register, Employee Earnings Record, and
Accounting System Entries
,Solutions Manual organized in reverse order, with the last chapter displayed first, to ensure
that all chapters are included in this document. (Complete Chapters included Ch7-1)
SOLUTIONS MANUAL: CHAPTER 7 END OF CHAPTER ANSWERS
ANSWERS TO STOP AND CHECK EXERCISES
EMPLOYEES’ EARNINGS REGISTER
1. The payroll register contains the period payroll information for all employees.
The employee’s earnings record lists all payroll data for a single employee.
2. a. Name
b. Pay Rate
d. Net Pay
3. Quarterly and annual tax reports use the totals from the employees’ earnings
records.
FINANCIAL ACCOUNTING CONCEPTS
1. Assets = Liabilities + Owners’ Equity
2. Credit
3. Debit
PAYROLL AND GENERAL JOURNAL
1. Wages and Salaries Expense
2.
Account Debit Credit
Payroll Taxes Expense $9,546.05
Social Security Tax Payable $7,736.67
Medicare Tax Payable $1,809.38
7-1
, 3.
Account Debit Credit
Federal Income Tax Payable $6,234.00
Social Security Tax Payable 2,653.29
Medicare Tax Payable 620.53
State Income Tax Payable 1,626.21
Wages and Salaries Payable 31,660.97
Wages and Salaries Expense $42,795.00
GENERAL LEDGER ENTRIES
1. $2,760 Cr.
2. The transaction may be found in the General Journal in section/page 34.
THE BUSINESS EFFECTS OF PAYROLL
1. The payment of employee wages decreases profitability because it increases the
expenses of a business.
2. Allocation of payroll expenses to specific jobs, clients, business-related tasks and
allows the company to understand the costs associated with the activity with the
potential for recouping some of the expenses.
3. The employer acts as fiduciary responsibility for the collection of taxes and other
deductions from the employees and remits them to the proper authorities.
LABOR REPORTS
1.
a. Trial balance
b. Statement of owners’ equity
d. Income statement
e. Balance sheet
7-2
Jeanette M Landin
Complete Chapter Solutions Manual
are included (Ch 1 to 7)
** Immediate Download
** Swift Response
** All Chapters included
** Instructor Guide
,Table of Contents are given below
Chapter 1: Payroll Practices and System Fundamentals
Chapter 2: Payroll System Procedures
Chapter 3: Gross Pay Computation
Chapter 4: Fringe Benefits and Voluntary Deductions
Chapter 5: Employee Net Pay and Pay Methods
Chapter 6: Employer Payroll Taxes and Labor Planning
Chapter 7: The Payroll Register, Employee Earnings Record, and
Accounting System Entries
,Solutions Manual organized in reverse order, with the last chapter displayed first, to ensure
that all chapters are included in this document. (Complete Chapters included Ch7-1)
SOLUTIONS MANUAL: CHAPTER 7 END OF CHAPTER ANSWERS
ANSWERS TO STOP AND CHECK EXERCISES
EMPLOYEES’ EARNINGS REGISTER
1. The payroll register contains the period payroll information for all employees.
The employee’s earnings record lists all payroll data for a single employee.
2. a. Name
b. Pay Rate
d. Net Pay
3. Quarterly and annual tax reports use the totals from the employees’ earnings
records.
FINANCIAL ACCOUNTING CONCEPTS
1. Assets = Liabilities + Owners’ Equity
2. Credit
3. Debit
PAYROLL AND GENERAL JOURNAL
1. Wages and Salaries Expense
2.
Account Debit Credit
Payroll Taxes Expense $9,546.05
Social Security Tax Payable $7,736.67
Medicare Tax Payable $1,809.38
7-1
, 3.
Account Debit Credit
Federal Income Tax Payable $6,234.00
Social Security Tax Payable 2,653.29
Medicare Tax Payable 620.53
State Income Tax Payable 1,626.21
Wages and Salaries Payable 31,660.97
Wages and Salaries Expense $42,795.00
GENERAL LEDGER ENTRIES
1. $2,760 Cr.
2. The transaction may be found in the General Journal in section/page 34.
THE BUSINESS EFFECTS OF PAYROLL
1. The payment of employee wages decreases profitability because it increases the
expenses of a business.
2. Allocation of payroll expenses to specific jobs, clients, business-related tasks and
allows the company to understand the costs associated with the activity with the
potential for recouping some of the expenses.
3. The employer acts as fiduciary responsibility for the collection of taxes and other
deductions from the employees and remits them to the proper authorities.
LABOR REPORTS
1.
a. Trial balance
b. Statement of owners’ equity
d. Income statement
e. Balance sheet
7-2
