4. Finish Payroll Setup a) Fill in Tax Information (1) What are the three tabs to complete in this area? (a) (b) (c) 5. Map Payroll Accounts (1) What is the basic journal entry for a paycheck? DR: DR: CR: CR: b) General ledger accounts for payroll - describe each type of account and how used (1) Bank Account - (2) Wage Account - (3) Company Contribution Expense Accounts - (4) Employer Tax Expense Accounts - (5) Tax Liability Accounts - (6) Other Liability and Assets