Betsy Strand's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Betsy works 47 hours. Betsy's federal income tax withholding is $96, and she has no voluntary deductions. Assume that the FICA tax rate is 7.65% Prepare the employer's journal entries to record (a) Betsy's pay for the period and (b) the payment of Betsy's wages. Use January 15 for the end of the pay period and the payment date. (Round answers to 2 decimal places, e.g. 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit (a) Jan. 15 Salaries and Wages Expense 752.00 Federal Income Taxes Payable 168.00 FICA Taxes Payable 70.38 Salaries and Wages Payable 849.62 (b) Jan. 15 Salaries and Wages Payable 849.62 Cash 849.62