journal. paid 11/2 times the regular rate for working over 40 hours a week. withheld under a savings bond purchase plan. Karen's Cupcakes' payroll is met by drawing checks on its regular bank account. The checks were issued in sequence, beginning with No. 365 . Required: 1. Prepare a payroll register for Karen's Cupcakes for the week ended February 15, 20-. (In the Taxable Eamings/Unemployment Compensation column, enter the same amounts as in the Social Security column.) Total the amount columns and verify the totals. 2. Assuming that the wages for the week ended February 15 were paid on February 17, prepare the journal entry for the payment of this payroll