MCC Help Save & Exit Sub TB MC Qu. 09-116 Springfield Company offers... 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: Debit Employee Bonus Expense $962,000 credit Prepaid Employee Bonus 5962.000 O Debit Uneamed Bonuses $962,000, credit Bonus Payable $962,000 Debit Employee Bonus Expense 5962.000, credit Bonus Payable 5962.000 No entry since the bonuses are not paid until January Debit Estimated Bonus Payable $962,000, credit Cash $962.000.