On January 1, 2017, Martinez Corporation granted 2,200 shares of restricted $5 par value common stock...
On January 1, 2017, Martinez Corporation granted 2,200 shares of
restricted $5 par value common stock to executives. The market
price (fair value) of the stock is $65 per share on the date of
grant. The period of benefit is 2 years.
Prepare Martinez’s journal entries for January 1, 2017, and
December 31, 2017 and 2018. (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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1/1/1712/31/1712/31/18Homework Answers
Add Answer to:
On January 1, 2017, Martinez Corporation granted 2,200 shares of
restricted $5 par value common stock...
On January 1, 2017, Sarasota Corporation granted 2,200 shares of restricted $5 par value common stock...
On January 1, 2017, Sarasota Corporation granted 2,200 shares of
restricted $5 par value common stock to executives. The market
price (fair value) of the stock is $69 per share on the date of
grant. The period of benefit is 2 years.
Prepare Sarasota’s journal entries for January 1, 2017, and
December 31, 2017 and 2018. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually. If no entry is required, select "No Entry" for the...
Brief Exercise 16-7 On January 1, 2017, Sandhill Corporation granted 1,900 shares of restricted $5 par...
Brief Exercise 16-7 On January 1, 2017, Sandhill Corporation granted 1,900 shares of restricted $5 par value common stock to executives. The market price (fair value) of the stock is $65 per share on the date of grant. The period of benefit is 2 years Prepare Sandhill's journal entries for January 1, 2017, and December 31, 2017 and 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No...
Question 10 On January 1, 2017, Pronghorn Corporation granted 2,000 shares of restricted $5 par value...
Question 10 On January 1, 2017, Pronghorn Corporation granted 2,000 shares of restricted $5 par value common stock to executives. The market price (fair value) of the stock is 562 per share on the date of grant. The period of benefit is 2 years. Prepare Pronghor's journal entries for January 1, 2017, and December 31, 2017 and 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"...
Sunland Company issues 11,000 shares of restricted stock to its CFO, Mary Tokar, on January 1,...
Sunland Company issues 11,000 shares of restricted stock to its
CFO, Mary Tokar, on January 1, 2017. The stock has a fair value of
$550,000 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, 2021. The par value of the stock is $10.
At December 31, 2017, the fair value of the stock is
$500,000.
(a) Prepare the journal entries to record the
restricted...
Brief Exercise 16-6 On January 1, 2017, Waterway Corporation granted 5,100 options to executives. Each option...
Brief Exercise 16-6 On January 1, 2017, Waterway Corporation granted 5,100 options to executives. Each option entitles the holder to purchase one share of Waterway's $5 par value common stock at $50 per share at any time during the next 5 years. The market price of the stock is $64 per share on the date of grant. The fair value of the options at the grant date is $ 155,000. The period of benefit is 2 years. Prepare Waterway's journal...
On January 1, 2020 (the date of grant), Coronado Corporation issues 1,600 shares of restricted stock...
On January 1, 2020 (the date of grant), Coronado Corporation issues 1,600 shares of restricted stock to its executives. The fair value of these shares is $57,000, and their par value is $8,000. The stock is forfeited if the executives do not complete 3 years of employment with the company. Prepare journal entries for January 1, 2020, and on December 31, 2020, assuming the service period is 3 years. (Credit account titles are automatically indented when amount is entered. Do...
Teal Company issues 4,300 shares of restricted stock to its CFO, Dane Yaping, on January 1,...
Teal Company issues 4,300 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2017. 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, 2018, the fair value of the stock is $135,000. (a) Prepare the journal entries to record the restricted stock...
On January 1, 2020, Pronghorn Corporation granted 4,600 options to executives. Each option entitles the holder...
On January 1, 2020, Pronghorn Corporation granted 4,600 options
to executives. Each option entitles the holder to purchase one
share of Pronghorn’s $5 par value common stock at $50 per share at
any time during the next 5 years. The market price of the stock is
$69 per share on the date of grant. The fair value of the options
at the grant date is $161,000. The period of benefit is 2
years.
Prepare Pronghorn’s journal entries for January 1,...
Sarasota Company issues 10,800 shares of restricted stock to its CFO, Mary Tokar, on January 1,...
Sarasota Company issues 10,800 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2020. The stock has a fair value of $540,000 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 $453,000. (a) Prepare the journal entries to record the restricted...
On January 1, 2020, Ayayai Corporation granted 5,100 options to executives. Each option entitles the holder...
On January 1, 2020, Ayayai Corporation granted 5,100 options to executives. Each option entitles the holder to purchase one share of Ayayai's $5 par value common stock at $50 per share at any time during the next 5 years. The market price of the stock is $70 per share on the date of grant. The fair value of the options at the grant date is $143,000. The period of benefit is 2 years. Prepare Ayayai's journal entries for January 1,...
On January 1, 2017, Sarasota Corporation granted 2,200 shares of
restricted $5 par value common stock to executives. The market
price (fair value) of the stock is $69 per share on the date of
grant. The period of benefit is 2 years.
Prepare Sarasota’s journal entries for January 1, 2017, and
December 31, 2017 and 2018. (Credit account titles are
automatically indented when amount is entered. Do not indent
manually. If no entry is required, select "No Entry" for the...
Brief Exercise 16-7 On January 1, 2017, Sandhill Corporation granted 1,900 shares of restricted $5 par value common stock to executives. The market price (fair value) of the stock is $65 per share on the date of grant. The period of benefit is 2 years Prepare Sandhill's journal entries for January 1, 2017, and December 31, 2017 and 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No...
Question 10 On January 1, 2017, Pronghorn Corporation granted 2,000 shares of restricted $5 par value common stock to executives. The market price (fair value) of the stock is 562 per share on the date of grant. The period of benefit is 2 years. Prepare Pronghor's journal entries for January 1, 2017, and December 31, 2017 and 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"...
Sunland Company issues 11,000 shares of restricted stock to its
CFO, Mary Tokar, on January 1, 2017. The stock has a fair value of
$550,000 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, 2021. The par value of the stock is $10.
At December 31, 2017, the fair value of the stock is
$500,000.
(a) Prepare the journal entries to record the
restricted...
Brief Exercise 16-6 On January 1, 2017, Waterway Corporation granted 5,100 options to executives. Each option entitles the holder to purchase one share of Waterway's $5 par value common stock at $50 per share at any time during the next 5 years. The market price of the stock is $64 per share on the date of grant. The fair value of the options at the grant date is $ 155,000. The period of benefit is 2 years. Prepare Waterway's journal...
On January 1, 2020, Pronghorn Corporation granted 4,600 options
to executives. Each option entitles the holder to purchase one
share of Pronghorn’s $5 par value common stock at $50 per share at
any time during the next 5 years. The market price of the stock is
$69 per share on the date of grant. The fair value of the options
at the grant date is $161,000. The period of benefit is 2
years.
Prepare Pronghorn’s journal entries for January 1,...
Sarasota Company issues 10,800 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2020. The stock has a fair value of $540,000 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 $453,000. (a) Prepare the journal entries to record the restricted...
On January 1, 2020, Ayayai Corporation granted 5,100 options to executives. Each option entitles the holder to purchase one share of Ayayai's $5 par value common stock at $50 per share at any time during the next 5 years. The market price of the stock is $70 per share on the date of grant. The fair value of the options at the grant date is $143,000. The period of benefit is 2 years. Prepare Ayayai's journal entries for January 1,...
Most questions answered within 3 hours.
-
Write a chemical equation for these reactions. (Use
the lowest possible whole number coefficients.) Include
states-of-matter...
asked 1 hour ago -
For each of the Z-scores below, determine two probabilities
(show four three decimal places): (1) the...
asked 1 hour ago -
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 4 hours ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 4 hours ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 4 hours ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 4 hours ago -
I am a little behind please provide some explanation, will
provide thumbs up.
This question considers...
asked 4 hours ago -
Let say the utility function as U(X,Y) = lnX + Y. Show that the
marginal rate...
asked 4 hours ago -
A current of I=8.0A is flowing in a typical extension cord of
length L=3.00m. The cord...
asked 4 hours ago -
1. When balancing the equation H2SO4 (aq) + NaOH (aq) →
Na2SO4(aq) + H2O(aq), would you...
asked 5 hours ago -
Provide a definition of “classification hierarchy” and
illustrate your definition with an example of how and...
asked 5 hours ago -
1. Describe the four main green solvents. Provide one example of
the use of each solvent....
asked 5 hours ago