Problem:
Beth Corbin's regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay period, Beth works 46 hours. Beth's federal income tax withholding is $95.00, and she has no voluntary deductions. Use January 15 for the end of the pay period and the payment date.
Required:
Question: Prepare the journal entries to record (a) Beth's pay for the period and (b) the payment of Beth's wages.
Note: Please show how you came up with the solution.