Springfield Company offers a bonus plan to its employees and the amount of the employee bonuses for the current year is estimated to be $968,000 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 $968,000; credit Cash $968,000. Debit Employee Bonus Expense $968,000 credit Prepaid Employee Bonus $968,000 No entry since the bonuses are not paid until January Debit Employee Bonus Expense $968,000; credit Bonus Payable $968,000 Debit Unearned Bonuses $968,000; credit Bonus Payable $968,000