I entered an accrual for January for bonus, which shows on the January balance sheet, on the January Profit & Loss shows the payment. Then on February when the actual payment was made, the Profit & loss for February shows zero and the balance sheet show zero, is this correct. The two journal entries I made were as follows:
1/31/11, debit accrued bonus, credit wages, then on 2/1/11 I reveresed the journal entry credit accrued bonus and debit wages, then I ran the payroll for the bonus. The Profit & Loss for February shows bonus wages ZERO, is this correct? THANKS

This is a duplicate post and I have answered your question on the other post.