On January 1, 2021, when a company's shares were selling in the market for $ 50 per share, the company granted 100,000 restricted shares to various executives. The restriction would be lifted on December 31, 2025. At the beginning of 2024, 10% of executives resigned from the company. REQUIRED: 1. Prepare the wage entries for the dates of January 1, 2021 and December 31, 2023. 2. Prepare the wage entries for December 31, 2024 and 2025.
On January 1, 2021, when a company's shares were selling in the market for $ 50 per share, the company granted 100,000 restricted shares to various executives. The restriction would be lifted on December 31, 2025. At the beginning of 2024, 10% of executives resigned from the company. REQUIRED: 1. Prepare the wage entries for the dates of January 1, 2021 and December 31, 2023. 2. Prepare the wage entries for December 31, 2024 and 2025.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On January 1, 2021, when a company's shares were selling in the market for $ 50 per share, the company granted 100,000 restricted shares to various executives. The restriction would be lifted on December 31, 2025. At the beginning of 2024, 10% of executives resigned from the company.
REQUIRED:
1. Prepare the wage entries for the dates of January 1, 2021 and December 31, 2023.
2. Prepare the wage entries for December 31, 2024 and 2025.
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