Dear Mr. Pope: This is in reply to your letter of July 8, 1999, to Mr. David H. Densmore requesting assistance concerning Union Pacific (UP) Railroad Guidelines for the Design and Construction of Grade Separation Underpass and Overhead Structures. I first must apologize for the delay in providing this response.
Temporary Flat-rate employees are paid on the last business day of the month with the exception of December, when the pay day is earlier in the month. Temporary Hourly Employees are paid on a bi-weeky pay schedule. Visit the Bi-weekly Payroll Calendar page for further information.
The journal entry to record the hourly payroll's wages and withholdings for the work period of December 18-24 is illustrated in Hourly Payroll Entry #1. In accordance with accrual accounting and the matching principle, the date used to record the hourly payroll is the last day of the work period.