Chapter 13: Payroll Liabilities and Tax Records
Chapter 13 Study Plan
Chapter 13, Section 1, Journalizing and Posting the Payroll
Chapter 13, Section 2, Employer's Payroll Taxes
Chapter 13, Section 3, Tax Liability Payments and Tax Reports
Extend: A Matter of Ethics
Chapter 13: Money Shuffling, p. 320
- Imagine that the president of a real estate development company asks you, his accountant, to reclassify some purchases
from expenses to assets to make his financial position look stronger. He plans to use the adjusted financial statements to secure a loan for a new development
project. He suggests that after the loan is secured, the entries can be reversed.
- Form discussion groups of three
to four students. Discuss how you might handle this situation. Does it make a
difference that the entries will be reversed?
Prepare an outline of your course
of action and the potential consequences of your choices.