{"id":199,"date":"2016-12-05T19:58:50","date_gmt":"2016-12-05T19:58:50","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/part\/unit-12-current-liabilities-and-payroll\/"},"modified":"2018-02-10T23:53:48","modified_gmt":"2018-02-10T23:53:48","slug":"unit-12-current-liabilities-and-payroll","status":"publish","type":"part","link":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/part\/unit-12-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\">\n<h3>Learning Objectives<\/h3>\nBy the end of this section, you will be able to:\n<ul>\n \t<li>Describe the accounting for payrolls, short-term financing devices, and other current liabilities.<\/li>\n \t<li>Describe the occurrence and accounting for typical current liabilities.<\/li>\n \t<li>Record in general journal form entries relating to notes payable.<\/li>\n \t<li>Define contingent liabilities and discern when these should be recorded in the accounts, and when footnote disclosure is appropriate.<\/li>\n \t<li>Record in general journal form transactions related to product warranties.<\/li>\n \t<li>Describe payroll accounting.<\/li>\n \t<li>Prepare general journal entries to accrue salaries and pay employees.<\/li>\n \t<li>Prepare entries to accrue payroll-related taxes for employers.<\/li>\n<\/ul>\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":13,"template":"","meta":{"pb_part_invisible":false,"pb_part_invisible_string":""},"contributor":[],"license":[],"class_list":["post-199","part","type-part","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/pressbooks\/v2\/parts\/199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/pressbooks\/v2\/parts"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/wp\/v2\/types\/part"}],"version-history":[{"count":0,"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/pressbooks\/v2\/parts\/199\/revisions"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/wp\/v2\/media?parent=199"}],"wp:term":[{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/wp\/v2\/contributor?post=199"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/tc3-accounting1\/wp-json\/wp\/v2\/license?post=199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}