Management team met their bonus goals this month something

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Reference no: EM13584172

How would the following be Journalized?

Management team met their bonus goals this month (something they haven't done since the previous December. Money ($1772) must be set aside for bonuses.

There is an expense account for Management Bonus Expense & a Liability account for Accrued bonus

What is the correct way to enter this transaction into the Journal???

Reference no: EM13584172

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