List of UFC bonus award recipients. UFC Bonus Awards are three separate cash bonuses usually awarded to four fighters after each UFC event, based on internal decision by UFC management. More/fewer bonuses have been awarded at some events, especially when no knockouts or submissions occurred.
An accumulated depreciation journal entry is an end of the year journal entry used to add the current year depreciation expense to the existing accumulated depreciation account. The accumulated depreciation account represents the total amount of depreciation that the company has expensed over time.
Accounting Journal: Closing Entries. Since sales and revenue accounts have a credit balance, these accounts are closed by debiting the sales and revenue accounts, and crediting the income summary account. Similarly, closing entries are made to the expense accounts by crediting each expense account, and debiting the income summary account. The difference between sales and expenses, or net income, was transferred to the income summary account.