Question
K The employees of Sponsel Manufacturing achieved all of the sales goals for the current year. The company will pay the employees the promised
K The employees of Sponsel Manufacturing achieved all of the sales goals for the current year. The company will pay the employees the promised bonus of 14% on annual net income, after deducting the bonus. The net income before the calculation of the bonus is $760,000. The journal entry to record the bonus owed to employees would be (Round the final answer to the nearest dollar.): OA. Employee Bonus Expense 93,333 Employee Bonus Payable 93,333 OB. Employee Bonus Expense Employee Bonus Payable 123,721 123,721 OC. Employee Bonus Payable 123,721 Employee Bonus Expense 123,721 OD. Employee Bonus Payable Employee Bonus Expense 93,333 93,333
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