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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

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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 $32,692. 1&2. Prepare the journal entry at December 31 to record the bonus due and later January 19 to record payment of the bonus to employees. Journal entry worksheet 1 2 > Record the bonus due the employees at December 31. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal Journal entry worksheet Record the payment of bonus to the employees. Note: Enter debits before credits. General Journal Debit Credit Date Jan 19 Record entry Clear entry View general journal

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