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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
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 15% on annual net income, after deducting the bonus. The net income before the calculation of the bonus is $ 780 comma 000. The journal entry to record the bonus owed to employees would be (round to the nearest dollar): Question content area bottom Part 1 A. Employee Bonus Expense 101 comma 739 Employee Bonus Payable 101 comma 739 B. Employee Bonus Expense 137 comma 647 Employee Bonus Payable 137 comma 647 C. Employee Bonus Payable 101 comma 739 Employee Bonus Expense 101 comma 739 D. Employee Bonus Payable 137 comma 647 Employee Bonus Expense 137 comma 647
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