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Question		Answer
larry, could you help me with these expense accounts? start learning		sure, Vicki, what's up?
I need to know how to account for bonuses. start learning		you mean the bonuses we pay to executives and sales people?
right. we don't pay them until the end of the year, so how do I know how much they will be? start learning		well, you don't actually have to know. I can gave you estimates
How do you estimate them? start learning		I use the amounts of last years bonuses as a guide
OK, that make sense but the amounts vary every year, right? start learning		they do the estimates won't be exactly accurate but that's not a problem
so then how do I record them? start learning		you need to record them in the accrued expenses payable account

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