Your answer is partially correct. Try again. Elize'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, Elize works 47 hours. Elize's federal income tax withholding is $99, and she has no voluntary deductions. Prepare the employer's journal entry to record payroll taxes for the period. Ignore unemployment taxes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Assume FICA rate of 7.65%. Round the answers to 2 decimal places, e.g. 15.25.) Date Account Titles and Explanation Debit Credit Jan. 15 TPayroll Tax Expense 31.96 FICA Taxes Payable Click if you would like to Show Work for this question: Open Show Work ag Your answer is partially correct. Try again. Skysong, Inc. had the following transactions involving notes payable. July 1, 2019 Borrows $52,500 from First National Bank by signing a 9-month, 8% note. Nov. 1, 2019 Borrows $63,000 from Lyon County State Bank by signing a 3-month, 6% note. Dec. 31, 2019 Prepares adjusting entries. Feb. 1, 2020 Pays principal and interest to Lyon County State Bank. Apr. 1, 2020 Pays principal and interest to First National Bank. Prepare journal entries for each of the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) na pre Date Account Titles and Explanation Debit Credit July 1, 2019 Cash 52500 Notes Payable 52500 co