Balance Sheet and P&L Question

In January I made an accrual entry for Bonus dated 1/31/11, debit bonus wages, credit accrued bonus, which showed up on my balance sheet and my P&L. Then I made a reversing entry for February, debit accrual bonus, credit bonus wages. I created the payroll for the binus pay in February, and my binus pay for February is zero, is this correct. Thanks.

When you recognized the bonus wages as being earned your journal entry should be:
Debit Bonus Wages Expense for the amount earned
Credit Bonus Wages Payable for the amount earned.

When you paid the bonus wages the journal entry will be:
Debit Bonus Wages Payable for the amount
Credit Cash for the amount.