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Brief Exercise 10-6 Betsy Strand's regular hourly wage rate is $30, and she receives an hourly rate of $45 for work in excess of 40

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Brief Exercise 10-6 Betsy Strand's regular hourly wage rate is $30, and she receives an hourly rate of $45 for work in excess of 40 hours. During a January pay period, Betsy works 47 hours, Betsy's federal 0 is $99, and she has no voluntary deductions. Assume that the FICA tax rate 157.65%. 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 ( Rond ann on to 2 desimal places us credit account titles are autonatically indented when amount is entered. Do not indent manually. Credit (a) Jan. 15s (b) Jan. 15 LINK TO TEXT

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