Trenton Company expects to pay a

7%

bonus on net income after deducting the bonus. Assume the company reports net income of

$128,400

before the calculation of the bonus. The journal entry to record the accrued bonus includes\ A. a credit to Employee Bonus Payable,

$8,400

.\ B. a debit to Employee Bonus Payable,

$8,400

.\ C. a debit to Employee Bonus Expense, $8,988.\ D. a credit to Cash,

$8,988

.

renton Company expects to pay a 7% bonus on net income after deducting the bonus. Assume the company reports net income of $128,400 before the calculation of the bonus. The journal entry to ecord the accrued bonus includes A. a credit to Employee Bonus Payable, $8,400. B. a debit to Employee Bonus Payable, $8,400. C. a debit to Employee Bonus Expense, $8,988. D. a credit to Cash, $8,988