DATENA ME 6-12A L06 Kelsey Gunn is the only employee of Arsenault Company. His pay rate is $23.00 per hour with an overtime rate of 1% times for hours over 40 in a workweek See Example 6-1 on page 6-2 M SHOW E HOVW For the week ending March 31, 20--, he worked 48 hours. Calculate his gross pay for the week using the overtime Since the company holds back one week of pay, Gunn will not be paid until April 7, 20--. What adjusting entry premium approach to calculate the overtime pay. would the company make in order to record Gunn's salary in the first quarter of this year? a. Regular pay.. b. Overtime premium pay c. Gross pay d. Adjusting entry JOURNAL POST REF DESCRIPTION DEBIT CREDIT DATE 3