Question 1 For each of the following records, indicate the appropriate related file structure: master file, transaction file, reference file, or archive file customer ledgers sales orders vendor ledgers hours each employee has worked during the current pay period. Tax tables.

Question 1 For each of the following records, indicate the appropriate related file structure: master file, transaction file, reference file, or archive file customer ledgers sales orders vendor ledgers hours each employee has worked during the current pay period. Tax tables.

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter2: Introduction To Transaction Processing

Section: Chapter Questions

Problem 10P

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Question

Question 1

For each of the following records, indicate the appropriate related file structure: master file, transaction file, reference file, or archive file

customer ledgers
sales orders
vendor ledgers
hours each employee has worked during the current pay period.
Tax tables.

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Question 3: Setting up and Managing Payroll A. Use the template below and prepare a list of all accounts that are required for setting payroll in QuickBooks Online. (Add rows if required)" Template Account Number Account Name Account Type ▬▬▬
_____ 1. 1. Employees earnings record A. Expense account for FICA, FUTA, and SUTA taxes on the employer _____ 2. 2. Pay cards B. Legal procedure by which a portion of the wages of any person is withheld for payment of a debt _____ 3. 3. Disposable earnings C. Debit card-based accounts _____ 4. 4. Regular earnings plus overtime earnings D. Notifies employer of a tax levy _____ 5. 5. Payroll Taxes E. Used to complete Form W-2 _____ 6. 6. Overtime premium earnings F. Provides information needed in preparing the journal entries for payroll _____ 7. 7. Wages Payable G. Debit portion of payroll entry _____ 8. 8. Payroll register H. Earnings remaining after withholding for income taxes and for other amounts required by law _____ 9. 9. Form 668-W I. One-half regular pay rate multiplied by overtime hours _____ 10. 10. Garnishment J. Liability account for wages that have been earned by employees but not yet paid