Problem preparing a payroll register

In the Continuing Payroll Problem B, presented at the end of succeeding chapters, you will gain experience in computing wages and salaries and preparing a payroll register for Olney Company, Inc., a newly formed corporation.
At the end of subsequent chapters, information will be presented so that the payroll register can be completed step by step as you proceed through the discussion material relating to that particular section of the payroll register.
Olney Company is a small manufacturing firm located in Allentown, Pennsylvania. The company has a workforce of both hourly and salaried employees.
Each employee is paid for hours actually worked during each week, with the time worked being recorded in quarter-hour increments. The standard workweek consists of 40 hours, with all employees being paid time and one-half for any hours worked beyond the 40 regular hours.
Wages are paid every Friday, with one week’s pay being held back by the company. Thus, the first payday for Olney Company is January 14 for the workweek ending January 8 (Saturday).
The information below will be used in preparing the payroll for the pay period ending January 8, 20--.

Time Card No. Employee Name Hourly Wage or Salary $ 18.50 per hour 19.25 per hour 17.80 per hour 20.70 per hour 23.80 peMs. Carmen V. Ruppert prepares the time clerk’s report for each pay period. Her report for the first week of operations is given on the following page.

Using the payroll register for Olney Company, which is reproduced on a fold-out at the back of the book (PR-1), proceed as follows:
1. Enter each employee’s time card number and name in the appropriate columns.
2. Record the regular hours and the overtime hours worked for each employee, using the time clerk’s report as your reference.
3. Complete the Regular Earnings columns (Rate per Hour and Amount) and the Overtime Earnings columns (Rate per Hour and Amount) for each hourly employee. For salaried workers, complete the Regular Earnings column and show the hourly overtime rate and earnings only if overtime was worked.
4. Record the Total Earnings for each employee by adding the Regular Earnings and the Overtime Earnings.