329 – Bonuses Payable – Owners

Current Liabilities

Accrued Liabilities

Synopsis

Account 329

Debits

Credits

  1. Net amount of bonus payments made to owners, accrued in a prior period.

  2. Payroll deductions for taxes, etc.

  1. Monthly provision to equal year to date bonuses payable to owners.

 

Remarks:

The balance represents unpaid owner bonuses.

This account and Bonuses Payable – Employees (Account 328) are combined on the Subaru Dealer Financial Statement.

Note: