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Mayaguez corporation provides its officers with bonuses

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1. Mayaguez Corporation provides its officers with bonuses based on net income. For 2010, the bonuses total $350,000 and are paid on February 15, 2011. Prepare Mayaguez's December 31, 2010, adjusting entry and the February 15, 2011, entry. 

Reference no: EM131115518

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