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Brief Exercise 13-8 Crane Corporation provides its officers with bonuses based on net income. For 2017, the bonuses total $317,000 and are paid on February
Brief Exercise 13-8 Crane Corporation provides its officers with bonuses based on net income. For 2017, the bonuses total $317,000 and are paid on February 15, 2018. Prepare Crane's December 31, 2017, adjusting entry and the February 15, 2018, entry. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT
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