Data for Betsy Strand are presented in BE10-5. Prepare the employer's journal entries to record (a) Betsy's

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Data for Betsy Strand are presented in BE10-5. Prepare the employer's journal entries to record
(a) Betsy's pay for the period and
(b) The payment of Betsy's wages. Use January 15 for the end of the pay period and the payment date.
In BE10-5
Betsy Strands regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pas period, Betsy works 47 hours. Betsy's federal income tax withholding is $95, and she has no voluntary deductions. Compute Betsy Strands gross earnings and net pay for the pay period. Assume that the F1CA tax rate is 7.65%.
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Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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