Elsa Kennedy is an hourly factory worker earning $$21\mathrm{.}25$ an hour. She works the second shift. Her timesheet report generated by the information system for the week ending $07/10/2022$ follows.

Using Excel, prepare a payroll journal for the week for Elsa Kennedy. Use the following headings $($where WH $=$ withholding$)$:

Date, Employee ID$,$ Pay Rate Regular, Hours Regular, Hours Overtime, Gross Pay, Federal Tax WH$,$ FICA WH$,$ Medicare WH$,$ Retirement Contribution WH$,$ Net Pay

To illustrate your understanding of the impact of this employee$$s weekly payroll on the financial statements, prepare a composite entry in general journal format to reflect an alternative to recording the weekly payroll entry for Elsa Kennedy in the payroll journal.