Bonita Company issues 11,300 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2025. The stock has a fair value of $565,000 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 $521,000. Prepare the journal entries on January 1, 2025, and December 31, 2026, assuming that Bonita issued 11,300 shares of restricted stock units instead of 11,300 shares of restricted stock. (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 1,2025 Account Titles and Explanation 31, 2026 Compensation Expense Unearned Compensatio Debit 113000 Credit 113000

Bonita Company issues 11,300 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2025. The stock has a fair value of $565,000 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 $521,000. Prepare the journal entries on January 1, 2025, and December 31, 2026, assuming that Bonita issued 11,300 shares of restricted stock units instead of 11,300 shares of restricted stock. (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 1,2025 Account Titles and Explanation 31, 2026 Compensation Expense Unearned Compensatio Debit 113000 Credit 113000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 8RE: On January 2, 2019, Brust Corporation grants its new CFO 2,000 restricted share units. Each of the...

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