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On December 31, Poke Company estimates that it will pay its employees a 3% bonus on net income afer deducting the bonus. The company reports

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On December 31, Poke Company estimates that it will pay its employees a 3% bonus on net income afer deducting the bonus. The company reports net income of $42,000 before the calculation of the bonus. The bonus will be paid on January 15 of the next year Read the requirements (Record debitofrotthen credits. Round of mounts to the newest cert. Select the exploration on the lastne of the journal entry totie) Debit Credit Requirement 1. Joumate the December 31 transaction for Poka Date Accounts and explanation Dec 31 Employee Bonus Expense Employee Bonus Payable To record employee bonus pense

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