John and his friend have successfully brought in a new client for renovations. The first order from the new client
is placed on that day October 15 for a party that takes place November 2-4. The client pays a deposit of $1,000 on the date of the order, and the remaining balance is billed to the client when the event is done and due within 30 days from billing.
Bright Home pays its staff healthy bonuses on a quarterly basis for each new client brought in. The company policy is that the bonus will be accrued at the end of the first month during which revenue was recognized from the new client. The bonus will be paid at the end of the quarter.
For this new client, John and his friend will each receive a $100 bonus.
What is the journal entry that should be recorded to accrue for this bonus?