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For the year ended December 31, 2017, Lopez Company has implemented an employee bonus program based on Lopez's net income, which employees will share equally. Lopez's bonus expense is computed as $52,381. 1&2. Prepare the journal entry at December 31, 2017, to record the bonus due and January 19, 2018, to record payment of the bonus to employees. View transaction list Journal entry worksheet Record the bonus due the employees at December 31, 2017. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2017 Record entry Clear entry View general journal Journal entry worksheet 2 Record the payment of bonus to the employees. Note: Enter debits before credits. Date General Journal Debit Credit Jan 19, 2018 Record entry Clear entry View general journal Use the following information from separate companies a through f Net Income (Loss) $189,000 183,600 192,100 160,650 122,858 (52,920) Interest Expense $68,040 34,884 11,526 44,982 25, 799 68,267 Income Taxes $47,250 66,096 92,208 67,473 46,683 Compute times interest earned. Times Interest Earned Ratio Company Choose Numerator: Choose Denominator:- Ratio 0 times 0 times 0 times 0 times 0 times 0 times Which company indicates the strongest ability to pay interest expense as it comes due? Company a OCompany b O Company c O Company d O Company e O Company f

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