On January 1, 2017, Carla Corporation granted 2200 shares of restricted 5.00 par value of common...
Homework Answers
Journal Entries
|
Date |
Description / Account |
Debit |
Credit |
|
01-01-17 |
Unearned Compensation ($2,200 shares * $63) |
138,600 |
|
|
Paid-in Capital in Excess of Par (2,200 * $58) |
127,600 |
||
|
Common Stock (2,200 * $5) |
11,000 |
||
|
31-12-17 |
Compensation Expenses ($138,600 / 2 Years) |
69,300 |
|
|
Unearned Compensation |
69,300 |
||
|
31-12-18 |
Compensation Expense |
69,300 |
|
|
Unearned Compensation |
69,300 |
Add Answer to:
On
January 1, 2017, Carla Corporation granted 2200 shares of
restricted 5.00 par value of common...
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...
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...
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"...
On January 1, 2017, Bubert Corporation issues 9,000 shares shares of $3 par restricted stock to...
On January 1, 2017, Bubert Corporation issues 9,000 shares shares of $3 par restricted stock to its key executives. The market value of unrestricted shares of the same stock on the date of issue is $22 and there is a four year vesting period. What is the amount of deferred compensation recorded on January 1, 2017?
Nash Company issues 11,200 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2017....
Nash Company issues 11,200 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2017. The stock has a fair value of $ 560,000 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 $ 321,000. (a) Prepare the journal entries to record...
Swifty Company issues 4,400 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2017. The stock has a fair...
Swifty Company issues 4,400 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 $133,000. (a) Prepare the journal entries to record the restricted stock...
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...
The Peach Corporation provides restricted stock to certain executives. Under the plan, the company granted 30...
The Peach Corporation provides restricted stock to certain executives. Under the plan, the company granted 30 million shares on January 1, 2018, which vest in four years. The fair value of the shares is $13.3. No forfeitures are anticipated. Ignore taxes. Required: 1. Determine the total compensation cost pertaining to the restricted stock. 2. & 3. Prepare the appropriate journal entries (if any). 2) Record the award of restricted stock on January 1, 2018. 3) Record compensation expense on December...
As part of its stock-based compensation package, on January 1, 2018, Weldon Well Supplies granted restricted...
As part of its stock-based compensation package, on January 1, 2018, Weldon Well Supplies granted restricted stock units (RSUs) representing 100,000 $1 par common shares. At exercise, holders of the RSUs are entitled to receive cash or stock equal in value to the market price of those shares at exercise. The RSUs cannot be exercised until the end of 2021 (vesting date) and expire at the end of 2023. The $1 par common shares have a market price of $6.9...
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...
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...
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"...
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...
The Peach Corporation provides restricted stock to certain executives. Under the plan, the company granted 30 million shares on January 1, 2018, which vest in four years. The fair value of the shares is $13.3. No forfeitures are anticipated. Ignore taxes. Required: 1. Determine the total compensation cost pertaining to the restricted stock. 2. & 3. Prepare the appropriate journal entries (if any). 2) Record the award of restricted stock on January 1, 2018. 3) Record compensation expense on December...
Most questions answered within 3 hours.
-
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 6 minutes ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 12 minutes ago -
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 32 minutes ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 34 minutes ago -
we
convert sugars into another form of stored potential energy. This
is called?
asked 1 hour ago -
The manufacturers of Oriental Spice Sauce are concerned that the
sodium levels in their product vary...
asked 1 hour ago -
PLEASE DON'T ANSWER IF YOU CAN'T ANSWER ALL OF THE QUESTIONS. I
DESPERATELY NEED HELP
Consider...
asked 1 hour ago -
DO NOT ANSWER IF YOU ARE UNSKILLED IN THIS AREA! TYPE OR WRITE
EACH ANSWER CLEARLY!!...
asked 1 hour ago -
how many moles of sodium are there in 3.41 moles of the
following compounds
NaCl
Na2SO4...
asked 1 hour ago -
1.1: Draw a position vs. time graph for a sprinter
running a 100 m dash. Label...
asked 1 hour ago -
A uniform electric field exists in a region between two
oppositely charged plates. An electron is...
asked 1 hour ago -
The energy levels of a quantum mechanical system are given by
the equation: En = -hfo/√n^2+9....
asked 2 hours ago