Accounting 2 · Chapter 11 · Free

Chapter 11 — Current Liabilities & Payroll

Notes payable, accrued liabilities, unearned revenue, and the payroll cycle.

What you'll learn

Record payroll journal entries from gross pay through net pay
Compute and record employer payroll taxes — FICA, FUTA and SUTA
Distinguish employee withholdings from employer payroll tax expense
Explain the difference between defined benefit and defined contribution pension plans

Lecture

Full lecture (multi-part)

Part 1 — Payroll Journal Entries: Gross Pay, FICA, FUTA & SUTA

Part 2 — Pension Accounting: Defined Benefit vs Defined Contribution

The written chapter

The full written version of this chapter — every worked example, journal entry and exam summary — is in the Accounting 2 notes. $14.99 once, free updates for life.

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Chapter downloads

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How to get the most out of this chapter

Watch the lecture above (or bookmark this page for when it goes live).
When you're ready, move on to the Chapter 13.

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