Business, 14.03.2020 04:22 kkmonsterhigh18

Springfield Company offers a bonus plan to its employees and the amount of the employee bonuses for the current year is estimated to be $966,000 to be paid during January of the following year. The journal entry on December 31 to record the bonuses is.
a. Debit Estimated Bonus Payable $966,000; credit Cash $966,000.
b. Debit Employee Bonus Expense $966,000; credit Prepaid Employee Bonus $966,000.
c. Debit Employee Bonus Expense $966,000; credit Bonus Payable $966,000.
d. Debit Unearned Bonuses $966,000; credit Bonus Payable $966,000.
e. No entry since the bonuses are not paid until January.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 17:00

While information systems can be used to gain a strategic advantage, they have inherent risks. hershey foods, for example, crippled its halloween sales when its complex is system failed to support its supply and inventory needs during peak production season. this is an example of which specific is risk

Answers: 3

Answer

Business, 22.06.2019 11:50

Select the correct answer. ramon applied to the state university in the city where he lives, but he was denied admission. what should he do now? a.change his mind about graduating and drop out of high school so he can start working right away. b. decide not to go to college, because he didn’t have a backup plan. c.stay positive and write a mean letter to let the college know that they made a bad decision. d. learn from this opportunity, reevaluate his options, and apply to his second and third choices.

Answers: 2

Answer

Business, 22.06.2019 16:30

Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.

Answers: 2

Answer

Business, 22.06.2019 19:30

Which of the following constitute the types of unemployment occurring at the natural rate of unemployment? a. frictional and cyclical unemployment.b. structural and frictional unemployment.c. cyclical and structural unemployment.d. frictional, structural, and cyclical unemployment.

Answers: 2

Answer

You know the right answer?

Springfield Company offers a bonus plan to its employees and the amount of the employee bonuses for...

Questions