DaBaby Company issues 4,000 shares of restricted stock to its CFO, Stallion Megan, on January 1, 2020. The stock has a fair value of $120,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Fierce stays with the company for 5 years. The par value of the stock is $5. At December 31, 2021, the fair value of the stock is $135,000. On January 3, 2023, Megan leaves the company Prepare the journal entry to account for this forfeiture.
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- On January 2, 2019, Brust Corporation grants its new CFO 2,000 restricted share units. Each of the time-vested restricted share units entitles the CFO to receive one share of Brust common stock if she remains an employee of the company for 4 years. On January 2, 2019, shares of Brusts 1 par value common are trading at 29.50 per share. The company estimates that the CFO will complete all 4 years of required service with the company. Prepare the journal that Brust should make each year to account for the restricted share units.On January 1, 2019, Phoenix Corporation adopts a performance-based share option plan for 25 executives, with the number of shares based on the yearly increase in sales. At the end of 2019, based on a 10% increase in sales, it expects that each executive will be granted 150 options and that the fair value of an option expected to vest is 15.75. Phoenix expects a turnover rate of 15% over the 3-year service period. Determine the compensation expense for 2019 for this plan.DaBaby Company issues 4,000 shares of restricted stock to its CFO, Stallion Megan, on January 1, 2020. The stock has a fair value of $120,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Fierce stays with th company for 5 years. The par value of the stock is $5. At December 31, 2021, the fai value of the stock is $135,000. On January 3, 2023, Megan leaves the company Prepare the journal entry to account for this forfeiture. O Common Stock 20,000 Paid-in-Capital in excess of par Common Stock 100,00O Unearned Compensation 48,000 Compensation Expense 72,000 O Common Stock 120,000 Unearned Compensation 72,000 Compensation Expense 48,000 O Unearned Compensation 120,000 Common Stock 20,000 Paid-in-Capital in excess of par - Common Stock 100,000 O Common Stock 20,000 Paid-in-Capital in excess of par Common Stock 100,000 Unearned Compensation 72,000 Compensation Expense 48,000 L ASA
- Windsor Company issues 8,500 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2020. The stock has a fair value of $425,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Tokar stays with the company until December 31, 2024. The par value of the stock is $10. At December 31, 2020, the fair value of the stock is $407,000.(a) Prepare the journal entries to record the restricted stock on January 1, 2020 (the date of grant), and December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020Dec. 31, 2021July 25, 2024 Jan. 1, 2020Dec. 31,…Tweedie Company issues 10,000 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2020. The stock has a fair value of $500,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Tokar stays with the company until December 31, 2024. The par value of the stock is $10. At December 31, 2020, the fair value of the stock is $450,000. Instructions a. Prepare the journal entries to record the restricted stock on January 1, 2020 (the date of grant), and December 31, 2021. b. On July 25, 2024, Tokar leaves the company. Prepare the journal entry (if any) to account for this forfeitureheridan Company issues 4,400 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2020. The stock has a fair value of $123,000 on this date. The service period related to this restricted stock is 4 years. Vesting occurs if Yaping stays with the company for 4 years. The par value of the stock is $5. At December 31, 2021, the fair value of the stock is $133,000.(a) Prepare the journal entries to record the restricted stock on January 1, 2020 (the date of grant), and December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (b) On March 4, 2022, Yaping leaves the company. Prepare the journal entry to account for this forfeiture. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
- Blossom Company issues 12,200 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2025. The stock has a fair value of $610,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Tokar stays with the company until December 31, 2029. The par value of the stock is $10. At December 31, 2025, the fair value of the stock is $331,000. I need help with part d, with only 2 journal entries. Part c is already completed and is only for your reference. Please answer correct ,complete and well explainedFlounder Company issues 3,600 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2020. The stock has a fair value of $108.000 on this date. The service period related to this restricted stock is 4 years. Vesting occurs if Yaping stays with the company for 4 years. The par value of the stock is $5. At December 31, 2021, the fair value of the stock is $148,000. (a) Prepare the journal entries to record the restricted stock on January 1, 2020 (the date of grant), and December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit yboard Home PgUp Nav ENG 7. Enter End PgDn Mv Up INTL e y PriSc F8 F9 F10 F11 F12 FI F2 F3 F4 F5 F6 F7 %23 & * 团Sheffield Company issues 3,700 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2025. The stock has a fair value of $129,000 on this date. The service period related to this restricted stock is 4 years. Vesting occurs if Yaping stays with the company for 4 years. The par value of the stock is $5. At December 31, 2026, the fair value of the stock is $131,000. (a) Prepare the journal entries to record the restricted stock on January 1, 2025 (the date of grant), and December 31, 2026. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit
- Derrick Company issues 4,000 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2020. The stock has a fair value of $120,000 on this date. The service period related to this restricted stock is 4 years. Vesting occurs if Yaping stays with the company for 4 years. The par value of the stock is $5. At December 31, 2021, the fair value of the stock is $145,000. Instructions a. Prepare the journal entries to record the restricted stock on January 1, 2020 (the date of grant), and December 31, 2021. b. On March 4, 2022, Yaping leaves the company. Prepare the journal entry (if any) to account for this forfeiture.On January 1, 2020, AllClear Company issues 2,000 shares of restricted stock to its CEO, Jason Skyline. AllClear’s stock has a fair value of $30 per share on January 1, 2020. Additional information is as follows. The service period related to the restricted stock is five years. Vesting occurs if Skyline stays with the company for a five-year period. The par value of the stock is $10 per share. Prepare journal entries relating to the restricted stock in 2020. Assume that Jason Skyline leaves the company on April 1, 2021 (before any expense has been recorded during 2021). Prepare journal entry relating to the restricted stock in 2021, if necessary.Thompsons Inc. issues 2,000 shares of Restricted Stock to the CEO on January 1, 2021. The stock has a fair value of $132,000 on this date. The service period related to the stock is 3 years. Vesting occurs after 3 years from the date of issue. The stock has a par value of $10 per share. At december 31, 2021, the stock had a market value of $180,000. At December 31, 2021 [After 1 year], the journal entry to record compensation expense would include a A. credit to paid in capital - restricted stock $44,000 B. credit to unearned compensation $44,000 C. credit to compensation expense $60,000 D. debit to unearned compensation $44,000 E. debit to compensation expense $132,000 Part 2: Assume at february 3, 2023 [during 3rd year of vesting], the CEO left Thompsons employment. The journal entry to account for the foreiture of this Restricted Stock issue would include a A. debit to paid in capital - common stock $132,000 B. credit to compensation expense (or retained earnings) $88,000…