Awesome Day Event Planners pays a 2% bonus to employees on annual net income after deducting the bonus. Awesome Day reports net income of $360,000 before the calculation of the bonus. The journal entry to record the bonus owed to employees would be(round to the nearestdollar):

A.

Employee Bonus Expense

7,059

Employee Bonus Payable

7,059

B.

Employee Bonus Payable

7,200

Employee Bonus Expense

7,200

C.

Employee Bonus Payable

7,059

Employee Bonus Expense

7,059

D.

Employee Bonus Expense

7,200

Employee Bonus Payable

7,200