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For the year ended December 31, Lopez Company Implements an employee bonus program based on...

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Accounting

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For the year ended December 31, Lopez Company Implements an employee bonus program based on company net Income, which the employees share equally. Lopez's bonus expense is computed as $90.476. 1. & 2. Prepare the journal entry at December 31 to record the bonus due and January 19 to record payment of the bonus to employees. View transaction list Journal entry worksheet Record the bonus due the employees at December 31. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Journal entry worksheet Record the payment of bonus to the employees. Note: Enter debits before credits. General Journal Debit Credit Date Jan 19

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