Mayaguez Corporation provides its officers with bonuses based on net income. For 2012, the bonuses total $355,100 and are paid on February 15, 2013.

Mayaguez Corporation provides its officers with bonuses based on net income. For 2012, the bonuses total $355,100 and are paid on February 15, 2013.Prepare Mayaguez’s (a) December 31, 2012, adjusting entry and (b) the February 15, 2013, entry. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)No.