1st picture - Stock option calculations and journal entries2nd picture - calculation and journal entriesPlease include all steps of calculations for my reference. Thanks! This is a short-term note. The company borrowed money from JRT Investments on October 31,2020 for 3 months. The principal, along with interest is to be repaid on January 31, 2021. Theinterest rate is 2.40%. On January 1, 2019, the shareholders of Aylmer approved a plan that grants options to thecompany's executives to purchase 10,000 of the company's common shares each. The optionsare granted on January 1, 2020 and may be exercised at any time after December 31, 2022. Theexercise price per share is $32. Based on an options pricing model, the total compensationexpense will be $150,000. At December 31, 2020, the market price is $26 per share.

As per rule, allowed to answer one question and post the remaining in the next submission.

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Business

Accounting

urnal entries Please include all steps of calculations for my r

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1st picture - Stock option calculations and journal entries

2nd picture - calculation and journal entries

Please include all steps of calculations for my reference. Thanks!

This is a short-term note. The company borrowed money from JRT Investments on October 31,
2020 for 3 months. The principal, along with interest is to be repaid on January 31, 2021. The
interest rate is 2.40%.

On January 1, 2019, the shareholders of Aylmer approved a plan that grants options to the
company's executives to purchase 10,000 of the company's common shares each. The options
are granted on January 1, 2020 and may be exercised at any time after December 31, 2022. The
exercise price per share is $32. Based on an options pricing model, the total compensation
expense will be $150,000. At December 31, 2020, the market price is $26 per share.

Definition Definition Method of recording financial transactions in the book of original entry by debiting and crediting the accounts affected by a transaction using the golden rules of accrual accounting.

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