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04/19/2013 at 09:23AM PDT
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01/14/10 8:34pm PST
Viewed by asker 01/14/10 8:39pm PST

What entries would you use to record a bonus payable paid with source deductions?

I have a 2008 bonus payable that got paid in 2009. I have a payroll deduction that offsets the total bonus. what would you use as the offsetting entries to clear out the bonus payable liability account?

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