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homework help! Please answer asap, my homework is timed and I always mess up the debit/credit placements. Paramount, Inc. decided to reward its employees with
homework help! Please answer asap, my homework is timed and I always mess up the debit/credit placements. Paramount, Inc. decided to reward its employees with a bonus of 7% on annual net income, after deducting the bonus. The company reported net income of $513,600 before the calculation of the bonus. Prepare the journal entry to accrue employee bonus expense. (What accounts do you debit and credit and what are the amounts)
homework help! Please answer asap, my homework is timed and I always mess up the debit/credit placements.
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