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11 For the year ended December 31, Lopez Company implements an employee bonus program based on company net income, which the employees share equally. Lopez's
11 For the year ended December 31, Lopez Company implements an employee bonus program based on company net income, which the employees share equally. Lopez's bonus expense is computed as $17,647. 1.53 points 1. & 2. Prepare the journal entry at December 31 to record the bonus due and January 19 to record payment of the bonus to employees. View transaction list eBook Journal entry worksheet Hint De References Record the payment of bonus to the employees. Note: Enter debits before credits. Date General Journal Debit Credit Jan 19 Record entry Clear entry View general journal
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