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QUESTION 9 1 point What journal entry does a company make to record expected bonus costs? Debits Bonus Payable and credits Cash Debits Bonus Payable
QUESTION 9 1 point What journal entry does a company make to record expected bonus costs? Debits Bonus Payable and credits Cash Debits Bonus Payable and credits Employee Bonus Expense Debits Cash and credits Bonus Payable Debits Employee Bonus Expense and credits Bonus Payable QUESTION 10 1 poin A company sells merchandise for $20,000 cash on September 20. The sales tax law requires the company to collect 8.25% sales tax. What journal entry does the company make to record the sale and its applicable sales tax? Debits Cash for $20,000 and credits Sales for $20,000 Debits Cash for $21,650, credits Sales for $20,000, and credits Sales Tax Payable for $1,650 Debits Sales for $21,650 and credits Cash for $21,650 Debits Sales Tax Payable for $1,650, debits Sales for $20,000, and credits Cash for $21,650
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