izi Saved Help Save & Ez Springfield Company offers a bonus plan to its employees and the amount of the employee bonuses for the current year is estimated to be $962,000 to be paid during January of the following year. The journal entry on December 31 to record the bonuses is: Multiple Choice Debit Estimated Bonus Payable $962,000; credit Cash $962,000. Debit Employee Bonus Expense $962,000; credit Bonus Payable $962,000. Debit Employee Bonus Expense $962,000; credit Prepaid Employee Bonus $962,000. Debit Unearned Bonuses $962,000; credit Bonus Payable $962,000. No entry since the bonuses are not paid until January