ACC417 - Helena's Academy Payroll Assignment

Assignment Task

Review the company information in the text before beginning this case using Sage 50 2021 software. Note special company procedures you may need to know. And be sure to note special instructions below specific to our class.

1. your deductions for CPP & El may not be the same numbers as the textbook examples. the Seneca College computers' version of the program appears to have updated the tax and deduction tables beyond the ones used by the textbook. some variation in the final El, CPP and tax totals will be ok.

2. for item 2 please Use payables = invoices, not payables = payments

3. adjusting journal entries are done in the General Journal (under "Company" module) as in previous assignments [eg. items 11, 12, 23, 23]

4. Winter 2024 - add extra item 25 - pay yourself on Nov 30 for Nov 1-30.

• Create new employee with Your Name (eg. Peter Alpaugh). Use DOB, tax province, pay period, pay rate as specified in assignment
• Pay yourself for pay period Nov 1 - Nov 30. Payment date Nov 30.
• Salary $4,000 per month.

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