Paying the wages and clearing the control account
The last payroll journal pays the employees. Then check that the wages control account has come back to nil.
Task 1The net pay journal3 questions
The last journal pays the employees. Net pay is gross pay less the three deductions.
| Item | Amount |
|---|---|
| Gross pay | 6,400.00 |
| Income tax (PAYE) | 800.00 |
| Employees' National Insurance | 410.00 |
| Employees' pension contributions | 320.00 |
The payment debits the wages control account and credits the bank.
Task 2Does the account clear?3 questions
Task 3A balance that should not be there2 questions