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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 $93,396. 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 View transaction list Journal entry worksheet

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