{"id":792,"date":"2015-05-13T17:16:59","date_gmt":"2015-05-13T17:16:59","guid":{"rendered":"https:\/\/courses.candelalearning.com\/finacct2x10xmaster\/?post_type=part&#038;p=792"},"modified":"2018-02-10T15:37:43","modified_gmt":"2018-02-10T15:37:43","slug":"current-liabilities-and-payroll","status":"web-only","type":"part","link":"https:\/\/courses.lumenlearning.com\/clinton-finaccounting\/part\/current-liabilities-and-payroll\/","title":{"raw":"Unit 12: Current Liabilities and Payroll","rendered":"Unit 12: Current Liabilities and Payroll"},"content":{"raw":"<div class=\"bcc-box bcc-highlight\">\r\n<h3>Learning Objectives<\/h3>\r\nBy the end of this section, you will be able to:\r\n<ul>\r\n \t<li>Describe the accounting for payrolls, short-term financing devices, and other current liabilities.<\/li>\r\n \t<li>Describe the occurrence and accounting for typical current liabilities.<\/li>\r\n \t<li>Record in general journal form entries relating to notes payable.<\/li>\r\n \t<li>Define contingent liabilities and discern when these should be recorded in the accounts, and when footnote disclosure is appropriate.<\/li>\r\n \t<li>Record in general journal form transactions related to product warranties.<\/li>\r\n \t<li>Describe payroll accounting.<\/li>\r\n \t<li>Prepare general journal entries to accrue salaries and pay employees.<\/li>\r\n \t<li>Prepare entries to accrue payroll-related taxes for employers.<\/li>\r\n<\/ul>\r\n<\/div>","rendered":"<div class=\"bcc-box bcc-highlight\">\n<h3>Learning Objectives<\/h3>\n<p>By the end of this section, you will be able to:<\/p>\n<ul>\n<li>Describe the accounting for payrolls, short-term financing devices, and other current liabilities.<\/li>\n<li>Describe the occurrence and accounting for typical current liabilities.<\/li>\n<li>Record in general journal form entries relating to notes payable.<\/li>\n<li>Define contingent liabilities and discern when these should be recorded in the accounts, and when footnote disclosure is appropriate.<\/li>\n<li>Record in general journal form transactions related to product warranties.<\/li>\n<li>Describe payroll accounting.<\/li>\n<li>Prepare general journal entries to accrue salaries and pay employees.<\/li>\n<li>Prepare entries to accrue payroll-related taxes for employers.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"parent":0,"menu_order":118,"template":"","meta":{"pb_part_invisible":false,"pb_part_invisible_string":""},"contributor":[],"license":[],"class_list":["post-792","part","type-part","status-web-only","hentry"],"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-finaccounting\/wp-json\/pressbooks\/v2\/parts\/792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-finaccounting\/wp-json\/pressbooks\/v2\/parts"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-finaccounting\/wp-json\/wp\/v2\/types\/part"}],"version-history":[{"count":0,"href":"https:\/\/courses.lumenlearning.com\/clinton-finaccounting\/wp-json\/pressbooks\/v2\/parts\/792\/revisions"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/clinton-finaccounting\/wp-json\/wp\/v2\/media?parent=792"}],"wp:term":[{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-finaccounting\/wp-json\/wp\/v2\/contributor?post=792"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/clinton-finaccounting\/wp-json\/wp\/v2\/license?post=792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}