Name Date Class
QuickBooks Guide
Step-by-Step Instructions
What You’ll Learn Using QuickBooks
When you have completed this chapter, you will be able to use QuickBooks to:
1. Record the employer’s payroll taxes.
2. Record the payment of tax liabilities.
3. Print Journal and General Ledger reports to verify the payroll entries.
Problem 13-8 Journalizing Payroll Transactions
INSTRUCTIONS
Begin a Session
Step 1 Restore the Problem [Link] file.
$/ 9/5 (!6%
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Q.
Can QuickBooks auto-
QuickBooks Guide
Work the Accounting Problem
matically generate the journal
Step 2 Review the payroll information provided in your textbook. entries to record the payment
Step 3 Add a new General Ledger account—242 Union Dues of the payroll and the employ-
Payable. Make sure that you identify the account type as er’s payroll tax liabilities?
Other Current Liability. A. Yes, QuickBooks will auto-
Step 4 Record the entry for the payment of the payroll using the matically record the payroll
Write Checks option in the Banking menu. Use 2015 as journal entries if you pay to
the year. have access to the payroll fea-
Step 5 Record the employer’s payroll taxes using the Make General tures to record each employ-
Journal Entries option. ee’s earning and deductions.
QuickBooks will automatically
Prepare a Report and Proof Your Work compute and record the
Step 6 Print a Journal report and a General Ledger report for employer’s payroll entries.
December. In this chapter, however,
Step 7 Proof your work. the focus in on manually
recording the payroll entries.
Analyze Your Work You will use the general
Step 8 Complete the Analyze activity. journal and check features to
manually record the entries.
End the Session
Copyright © McGraw-Hill Education. All rights reserved.
Step 9 It is recommended that you back up your work for this session.
Does QuickBooks have the ability to print a Form 941
Employer’s Quarterly Federal Tax Return? Record your
answer on a separate sheet of paper.
Chapter 13 ■ 1
18_Problem 13-8 QuickBooks [Link] 1 7/24/15 9:35 AM