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 $$26,471.$

& $2.$ Prepare the journal entries at December $31$ to record the bonus due and later on January $19$ to record payment of the bonus to employees.

Journal entry worksheet

$2$

Record the bonus due to the employees at December $31.$

Note: Enter debits before credits.

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