Brief Exercise 11-08 Lily Corbin'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, Lily works so hours, Lily's federal income tax withholding is $98, she end of the pay period and the payment date Prepare the journal entnes to record () Lily's pay for the penod and (b) the payment of Lily's wages. Use January 15 for the end of the pay period and the payment date. (Round Intermediate calculation and to automatically indented when amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debut Credit (a) Jan. 15 (b) Jan. 15 Click if you would like to Show Work for this questions Quen Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT pe here to search RI CALCULATOR PRINTER VERSION *BACK excess of 40 hours. During a January pay period, Lily works 50 hours. Lily's federal income tax withholding is $98, she has no voluntary deductions, and the FICA tax rate is 7.65%. Use January 15 for the wages. Use January 15 for the end of the Day period and the payment date. (Round Intermediate calculation and final answers to 2 decimal places, eg. 15.25. Credit account titles are Question Attempts of 5 used SAVE POR LATER SUBMIT ANSWER 2:37 PM 7/2020