Awesome Day Event Planners pays a

8%

bonus to employees on annual net income after deducting the bonus. Awesome Day reports net income of

$320,000

before the calculation of the bonus. The journal entry to record the bonus owed to employees would be (round to the nearest dollar):

A.

Employee Bonus Expense	23,704
Employee Bonus Payable		23,704

B.

Employee Bonus Payable	25,600
Employee Bonus Expense		25,600

C.

Employee Bonus Payable	23,704
Employee Bonus Expense		23,704

D.

Employee Bonus Expense	25,600
Employee Bonus Payable		25,600