Question
The General Manager has an annual salary of $40,000, the quarterly bonus, based on their quarterly earnings is 15% and this amount is spread evenly
The General Manager has an annual salary of $40,000, the quarterly bonus, based on their quarterly earnings is 15% and this amount is spread evenly over each month in the quarter. What is the monthly entry to accrue their bonus?
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
1259536351, 978-1259536359
