1 2 3 $ 500,000.00 4 10,000.00 5 1.00 6 Jan. 1, 2020 ............ Jan. 1, 2022 7 8 Jan. 1, 2030 Scenario A The following information relates to Beerbo's fully vested stock options. Fair market value of securities granted Number of fully-vested options granted Exercise rate: common shares per option Date securities are granted Date securities are exercised Date securities expire Service period in years) Options exercised Options expired Strike price per stock option Par value per common share Fair market value per common share (grant date) Fair market value per common share (exercise date) Fair market value per common share (expiration date) 9 5.00 10 20.00 % 11 80.00 % 12 $ 50.00 13 1.00 14 $ 50.00 15 60.00 16 $ 70.00 17 18 ACCOUNT (use drop-down menu) DEBIT CREDIT Cash APIC-Options APIC-Expired Com. Stk. - Par 19 20 What journal entry must Beerbo record when the securities are granted? Leave 21 cells blank if nothing is required. . 22 23 24 $ 0 $ 0 $ 0 $ 26 $ 0 25 What journal entry must Beerbo record at its Dec. 31, 2020 fiscal year-end? Leave 27 cells blank if nothing is required. 28 29 1 2 3 $ 500,000.00 4 10,000.00 5 1.00 6 Jan. 1, 2020 ......... 7 Jan. 1, 2022 8 Jan. 1, 2030 Scenario A The following information relates to Beerbo's fully vested stock options. Fair market value of securities granted Number of fully-vested options granted Exercise rate: common shares per option Date securities are granted Date securities are exercised Date securities expire Service period in years) Options exercised Options expired Strike price per stock option Par value per common share Fair market value per common share (grant date) Fair market value per common share (exercise date) Fair market value per common share (expiration date) 9 5.00 20.00 % 10 11 80.00 % 12 $ 50.00 13 1.00 14 50.00 15 $ S $ 60.00 16 70.00 17 18 ACCOUNT (use drop-down menu) DEBIT CREDIT Cash APIC-Options APIC-Expired Com. Stk. - 31 32 $ 0 What journal entry must Beerbo record at its Dec. 31, 2021 fiscal year-end? Leave cells blank if nothing is required. 33 34 35 36 0 $ 0 $ 0 $ $ $ 37 0 $ 0 $ 38 What journal entry must Beerbo record 39 when the securities are exercised/ 40 forfeit? Leave cells blank if nothing is 41 required. 1 2 3 $ 500,000.00 4 10,000.00 5 1.00 6 Jan. 1, 2020 ......... 7 Jan. 1, 2022 8 Jan. 1, 2030 Scenario A The following information relates to Beerbo's fully vested stock options. Fair market value of securities granted Number of fully-vested options granted Exercise rate: common shares per option Date securities are granted Date securities are exercised Date securities expire Service period in years) Options exercised Options expired Strike price per stock option Par value per common share Fair market value per common share (grant date) Fair market value per common share (exercise date) Fair market value per common share (expiration date) 9 5.00 20.00 % 10 11 80.00 % 12 $ 50.00 13 1.00 14 50.00 15 $ S $ 60.00 16 70.00 17 18 ACCOUNT (use drop-down menu) DEBIT CREDIT Cash APIC-Options APIC-Expired Com. St 45 46 $ 0 What journal entry must Beerbo record at its Dec. 31, 2022 fiscal year-end? Leave cells blank if nothing is required. 47 48 49 50 $ 0 $ 0 $ 0 52 $ 0 51 What journal entry must Beerbo record at its Dec. 31, 2023 fiscal year-end? Leave 53 cells blank if nothing is required. $ 0 54 55 1 2 3 S 500,000.00 4 10,000.00 5 1.00 6 Jan. 1, 2020 7 Jan. 1, 2022 ........... 8 Jan. 1, 2030 Scenario A The following information relates to Beerbo's fully vested stock options. Fair market value of securities granted Number of fully-vested options granted Exercise rate: common shares per option Date securities are granted Date securities are exercised Date securities expire Service period in years) Options exercised Options expired Strike price per stock option Par value per common share Fair market value per common share (grant date) Fair market value per common share (exercise date) Fair market value per common share (expiration date) 9 5.00 10 20.00 % 80.00 % 11 12 50.00 13 1.00 14 $ $ $ $ $ 50.00 15 60.00 16 70.00 17 18 ACCOUNT (use drop-down menu) DEBIT CREDIT Cash Com. Stk. APIC-Options $ APIC-Expired $ 56 $ o 0 0 $ 57 58 $ 0 $ 0 What journal entry must Beerbo record at its Dec. 31, 2024 fiscal year-end? Leave cells blank if nothing is required. 59 60 61 62 $ 0 $ 0 $ 0 $ $ 0 64 63 What journal entry must Beerbo record when the securities expire / are vested? Leave cells blank if nothing is required. $ 0 65 66 1 Scenario Scer 2 3 $ 500,000.00 ...... 10,000.00 The following Fair market v Number of cc 4 5 1.00 6 Jan. 1, 2020 Date securitie 7 Jan. 1. 2022 1.... Jan. 1, 2030 Date securitie ... Date securitie 8 -- 9 5.00 Service perio 10 20.00 % Restricted sta 11 80.00 % .......... 50.00 Restricted sto ............. 12 13 1.00 $ $ $ $ $ Par value per ... Fair market v 14 50.00 15 60.00 Fair market v ............ Fair market v 16 70.00 C 17 18 CREDIT Cash APIC-Options $ APIC-Expired $ Com. Stk. - Par $ APIC - Com. $ 56 $ 0 0 0 0 0 Ret. Earnings (Comp. Exp.) $ $ 0 0 $ 0 $ 0 57 What journal entry must Beerbo record at 58 its Dec. 31, 2024 fiscal year-end? Leave 59 cells blank if nothing is required. 60 61 62 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 64 63 What journal entry must Beerbo record when the securities expire / are vested? Leave cells blank if nothing is required. $ 0 65 66 A K L M . NO PCR S T U Y V W X Z AA + AB 1 Scenario Scenario B 2 3 The following information relate: Fair market value of securities gra Number of common shares grant 4 5 6 7 8 Date securities are granted Date securities are forfeit Date securities are vested and tra Service period in years) Restricted stock forfeit Restricted stock vested 9 10 11 12 ---- 13 14 Par value per common share Fair market value per common sh Fair market value per common sh Fair market value per common sh 15 16 --------- 17 18 Cash APIC-Options APIC-Expired Com. Stk. - Par . APIC - Com. Ret. Earnings (Comp. Exp.) ACCOUNT (use drop- 19 20 What journal entry must Beerbo record when the securities are granted? Leave cells blank if nothing is required. 21 22 23 24 $ 0 $ 0 $ 0 $ 0 $ 0 0 $ $ 25 0 26 $ 0 What journal entry must Beerbo record at its Dec. 31, 2020 fiscal year-end? Leave cells blank if nothing is required. 27 28 29 Account 1 2 Scenario Scenario B The following information relates to Beerbo's restricted stock. Fair market value of securities granted Number of common shares granted 3 $ 500,000.00 --- 4 10,000.00 5 6 Jan. 1, 2020 7 Jan. 1, 2022 ---- ---- 8 Jan. 1, 2030 Date securities are granted Date securities are forfeit Date securities are vested and transferred Service period in years) Restricted stock forfeit Restricted stock vested 9 5.00 10 20.00 % 11 80.00 % 12 ener 13 $ 1.00 14 50.00 Par value per common share Fair market value per common share (grant date) Fair market value per common share (forfeit date) Fair market value per common share (vested date) 15 60.00 ..... ---- -- $ $ 16 70.00 ............................................ 17 18 ACCOUNT (use drop-down menu) DEBIT CREDIT Unearned Comp. Com. Stk. - Par APIC - Com. Ret. Earnings ( $ 31 0 32 $ 0 What journal entry must Beerbo record at its Dec. 31, 2021 fiscal year-end? Leave cells blank if nothing is required. 33 34 35 36 $ 0 $ 0 $ 0 $ 0 37 $ 0 $ 0 $ 38 What journal entry must Beerbo record 39 when the securities are exercised/ 40 forfeit? Leave cells blank if nothing is 41 required. 0 1 2 Scenario Scenario B The following information relates to Beerbo's restricted stock. Fair market value of securities granted Number of common shares granted 3 $ 500,000.00 4 10,000.00 5 6 Jan. 1, 2020 7 Jan. 1, 2022 8 Date securities are granted Date securities are forfeit Date securities are vested and transferred Service period (in years) Restricted stock forfeit Jan. 1, 2030 9 10 5.00 ..... 20.00 % 80.00 % 11 Restricted stock vested 12 13 1.00 14 50.00 Par value per common share Fair market value per common share (grant date) Fair market value per common share (forfeit date) Fair market value per common share (vested date) 15 $ $ $ 60.00 16 70.00 17 18 ACCOUNT (use drop-down menu) DEBIT CREDIT Unearned Comp. Com. Stk. - Par APIC - Com. Ret. Eart 45 $ 46 $ 0 What journal entry must Beerbo record at its Dec. 31, 2022 fiscal year-end? Leave cells blank if nothing is required. 47 48 49 50 $ 0 0 $ 0 $ $ 51 52 $ 0 What journal entry must Beerbo record at its Dec. 31, 2023 fiscal year-end? Leave cells blank if nothing is required. 53 54 55 1 2 Scenario Scenario B The following information relates to Beerbo's restricted stock. Fair market value of securities granted Number of common shares granted 3 $ 500,000.00 4 10,000.00 5 6 Jan. 1, 2020 7 Jan. 1, 2022 8 Date securities are granted Date securities are forfeit Date securities are vested and transferred .......... Service period in years) Restricted stock forfeit Jan. 1, 2030 9 5.00 10 20.00 % ... 80.00 % 11 Restricted stock vested 12 13 1.00 14 $ 50.00 Par value per common share Fair market value per common share (grant date) ..................... Fair market value per common share (forfeit date) Fair market value per common share (vested date) 15 60.00 ..... 16 $ 70.00 17 18 ACCOUNT (use drop-down menu) DEBIT CREDIT Unearned Comp. Com. Stk. - Par APIC - Com. 56 $ 0 $ 0 $ 0 Ret. Earnings (CO $ 0 $ 0 57 $ 0 What journal entry must Beerbo record at 58 its Dec. 31, 2024 fiscal year-end? Leave cells blank if nothing is required. 59 60 61 62 $ 0 $ 0 $ 0 $ 0 63 64 What journal entry must Beerbo record when the securities expire / are vested? Leave cells blank if nothing is required. 65 66 2 erbo's restricted stock. 3 $ 500,000.00 4 10,000.00 5 6 7 Jan. 1, 2020 Jan. 1, 2022 Jan. 1, 2030 8 fed 9 5.00 10 20.00 % 11 80.00 % 12 13 1.00 14 50.00 $ $ $ $ rant date) brfeit date) ested date) 15 60.00 16 70.00 17 18 menu) DEBIT CREDIT Unearned Comp. Com. Stk. - Par APIC - Com. . 56 $ o $ 0 $ 0 Ret. Earnings (Comp. Exp.) $ 0 $ 0 58 $ 0 57 What journal entry must Beerbo record at its Dec. 31, 2024 fiscal year-end? Leave 59 cells blank if nothing is required. 60 ------------ 61 62 $ 0 $ 0 $ 0 $ 0 63 What journal entry must Beerbo record 64 when the securities expire / are vested? 65 Leave cells blank if nothing is required. 66 2 Bonds Payable 3 Cash 4. Common Stock - Par 5 Compensation Expense 6 Convertible Preferred Stock 7 Debt Conversion Expense 8 Discount on Bonds Payable 9 Paid-in Capital in Excess of Par - Common Stock 10 Paid-in Capital in Excess of Par - Preferred Stock 11 Paid-in Capital - Expired Stock Options 12 Paid-in Capital - Stock Options 13 Paid-in Capital - Stock Warrants 14 Preferred Stock - Par 15 Premium on Bonds Payable 16 Retained Earnings 17 Unearned Compensation (contra-equity) 18 1 2 3 $ 500,000.00 4 10,000.00 5 1.00 6 Jan. 1, 2020 ............ Jan. 1, 2022 7 8 Jan. 1, 2030 Scenario A The following information relates to Beerbo's fully vested stock options. Fair market value of securities granted Number of fully-vested options granted Exercise rate: common shares per option Date securities are granted Date securities are exercised Date securities expire Service period in years) Options exercised Options expired Strike price per stock option Par value per common share Fair market value per common share (grant date) Fair market value per common share (exercise date) Fair market value per common share (expiration date) 9 5.00 10 20.00 % 11 80.00 % 12 $ 50.00 13 1.00 14 $ 50.00 15 60.00 16 $ 70.00 17 18 ACCOUNT (use drop-down menu) DEBIT CREDIT Cash APIC-Options APIC-Expired Com. Stk. - Par 19 20 What journal entry must Beerbo record when the securities are granted? Leave 21 cells blank if nothing is required. . 22 23 24 $ 0 $ 0 $ 0 $ 26 $ 0 25 What journal entry must Beerbo record at its Dec. 31, 2020 fiscal year-end? Leave 27 cells blank if nothing is required. 28 29 1 2 3 $ 500,000.00 4 10,000.00 5 1.00 6 Jan. 1, 2020 ......... 7 Jan. 1, 2022 8 Jan. 1, 2030 Scenario A The following information relates to Beerbo's fully vested stock options. Fair market value of securities granted Number of fully-vested options granted Exercise rate: common shares per option Date securities are granted Date securities are exercised Date securities expire Service period in years) Options exercised Options expired Strike price per stock option Par value per common share Fair market value per common share (grant date) Fair market value per common share (exercise date) Fair market value per common share (expiration date) 9 5.00 20.00 % 10 11 80.00 % 12 $ 50.00 13 1.00 14 50.00 15 $ S $ 60.00 16 70.00 17 18 ACCOUNT (use drop-down menu) DEBIT CREDIT Cash APIC-Options APIC-Expired Com. Stk. - 31 32 $ 0 What journal entry must Beerbo record at its Dec. 31, 2021 fiscal year-end? Leave cells blank if nothing is required. 33 34 35 36 0 $ 0 $ 0 $ $ $ 37 0 $ 0 $ 38 What journal entry must Beerbo record 39 when the securities are exercised/ 40 forfeit? Leave cells blank if nothing is 41 required. 1 2 3 $ 500,000.00 4 10,000.00 5 1.00 6 Jan. 1, 2020 ......... 7 Jan. 1, 2022 8 Jan. 1, 2030 Scenario A The following information relates to Beerbo's fully vested stock options. Fair market value of securities granted Number of fully-vested options granted Exercise rate: common shares per option Date securities are granted Date securities are exercised Date securities expire Service period in years) Options exercised Options expired Strike price per stock option Par value per common share Fair market value per common share (grant date) Fair market value per common share (exercise date) Fair market value per common share (expiration date) 9 5.00 20.00 % 10 11 80.00 % 12 $ 50.00 13 1.00 14 50.00 15 $ S $ 60.00 16 70.00 17 18 ACCOUNT (use drop-down menu) DEBIT CREDIT Cash APIC-Options APIC-Expired Com. St 45 46 $ 0 What journal entry must Beerbo record at its Dec. 31, 2022 fiscal year-end? Leave cells blank if nothing is required. 47 48 49 50 $ 0 $ 0 $ 0 52 $ 0 51 What journal entry must Beerbo record at its Dec. 31, 2023 fiscal year-end? Leave 53 cells blank if nothing is required. $ 0 54 55 1 2 3 S 500,000.00 4 10,000.00 5 1.00 6 Jan. 1, 2020 7 Jan. 1, 2022 ........... 8 Jan. 1, 2030 Scenario A The following information relates to Beerbo's fully vested stock options. Fair market value of securities granted Number of fully-vested options granted Exercise rate: common shares per option Date securities are granted Date securities are exercised Date securities expire Service period in years) Options exercised Options expired Strike price per stock option Par value per common share Fair market value per common share (grant date) Fair market value per common share (exercise date) Fair market value per common share (expiration date) 9 5.00 10 20.00 % 80.00 % 11 12 50.00 13 1.00 14 $ $ $ $ $ 50.00 15 60.00 16 70.00 17 18 ACCOUNT (use drop-down menu) DEBIT CREDIT Cash Com. Stk. APIC-Options $ APIC-Expired $ 56 $ o 0 0 $ 57 58 $ 0 $ 0 What journal entry must Beerbo record at its Dec. 31, 2024 fiscal year-end? Leave cells blank if nothing is required. 59 60 61 62 $ 0 $ 0 $ 0 $ $ 0 64 63 What journal entry must Beerbo record when the securities expire / are vested? Leave cells blank if nothing is required. $ 0 65 66 1 Scenario Scer 2 3 $ 500,000.00 ...... 10,000.00 The following Fair market v Number of cc 4 5 1.00 6 Jan. 1, 2020 Date securitie 7 Jan. 1. 2022 1.... Jan. 1, 2030 Date securitie ... Date securitie 8 -- 9 5.00 Service perio 10 20.00 % Restricted sta 11 80.00 % .......... 50.00 Restricted sto ............. 12 13 1.00 $ $ $ $ $ Par value per ... Fair market v 14 50.00 15 60.00 Fair market v ............ Fair market v 16 70.00 C 17 18 CREDIT Cash APIC-Options $ APIC-Expired $ Com. Stk. - Par $ APIC - Com. $ 56 $ 0 0 0 0 0 Ret. Earnings (Comp. Exp.) $ $ 0 0 $ 0 $ 0 57 What journal entry must Beerbo record at 58 its Dec. 31, 2024 fiscal year-end? Leave 59 cells blank if nothing is required. 60 61 62 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 64 63 What journal entry must Beerbo record when the securities expire / are vested? Leave cells blank if nothing is required. $ 0 65 66 A K L M . NO PCR S T U Y V W X Z AA + AB 1 Scenario Scenario B 2 3 The following information relate: Fair market value of securities gra Number of common shares grant 4 5 6 7 8 Date securities are granted Date securities are forfeit Date securities are vested and tra Service period in years) Restricted stock forfeit Restricted stock vested 9 10 11 12 ---- 13 14 Par value per common share Fair market value per common sh Fair market value per common sh Fair market value per common sh 15 16 --------- 17 18 Cash APIC-Options APIC-Expired Com. Stk. - Par . APIC - Com. Ret. Earnings (Comp. Exp.) ACCOUNT (use drop- 19 20 What journal entry must Beerbo record when the securities are granted? Leave cells blank if nothing is required. 21 22 23 24 $ 0 $ 0 $ 0 $ 0 $ 0 0 $ $ 25 0 26 $ 0 What journal entry must Beerbo record at its Dec. 31, 2020 fiscal year-end? Leave cells blank if nothing is required. 27 28 29 Account 1 2 Scenario Scenario B The following information relates to Beerbo's restricted stock. Fair market value of securities granted Number of common shares granted 3 $ 500,000.00 --- 4 10,000.00 5 6 Jan. 1, 2020 7 Jan. 1, 2022 ---- ---- 8 Jan. 1, 2030 Date securities are granted Date securities are forfeit Date securities are vested and transferred Service period in years) Restricted stock forfeit Restricted stock vested 9 5.00 10 20.00 % 11 80.00 % 12 ener 13 $ 1.00 14 50.00 Par value per common share Fair market value per common share (grant date) Fair market value per common share (forfeit date) Fair market value per common share (vested date) 15 60.00 ..... ---- -- $ $ 16 70.00 ............................................ 17 18 ACCOUNT (use drop-down menu) DEBIT CREDIT Unearned Comp. Com. Stk. - Par APIC - Com. Ret. Earnings ( $ 31 0 32 $ 0 What journal entry must Beerbo record at its Dec. 31, 2021 fiscal year-end? Leave cells blank if nothing is required. 33 34 35 36 $ 0 $ 0 $ 0 $ 0 37 $ 0 $ 0 $ 38 What journal entry must Beerbo record 39 when the securities are exercised/ 40 forfeit? Leave cells blank if nothing is 41 required. 0 1 2 Scenario Scenario B The following information relates to Beerbo's restricted stock. Fair market value of securities granted Number of common shares granted 3 $ 500,000.00 4 10,000.00 5 6 Jan. 1, 2020 7 Jan. 1, 2022 8 Date securities are granted Date securities are forfeit Date securities are vested and transferred Service period (in years) Restricted stock forfeit Jan. 1, 2030 9 10 5.00 ..... 20.00 % 80.00 % 11 Restricted stock vested 12 13 1.00 14 50.00 Par value per common share Fair market value per common share (grant date) Fair market value per common share (forfeit date) Fair market value per common share (vested date) 15 $ $ $ 60.00 16 70.00 17 18 ACCOUNT (use drop-down menu) DEBIT CREDIT Unearned Comp. Com. Stk. - Par APIC - Com. Ret. Eart 45 $ 46 $ 0 What journal entry must Beerbo record at its Dec. 31, 2022 fiscal year-end? Leave cells blank if nothing is required. 47 48 49 50 $ 0 0 $ 0 $ $ 51 52 $ 0 What journal entry must Beerbo record at its Dec. 31, 2023 fiscal year-end? Leave cells blank if nothing is required. 53 54 55 1 2 Scenario Scenario B The following information relates to Beerbo's restricted stock. Fair market value of securities granted Number of common shares granted 3 $ 500,000.00 4 10,000.00 5 6 Jan. 1, 2020 7 Jan. 1, 2022 8 Date securities are granted Date securities are forfeit Date securities are vested and transferred .......... Service period in years) Restricted stock forfeit Jan. 1, 2030 9 5.00 10 20.00 % ... 80.00 % 11 Restricted stock vested 12 13 1.00 14 $ 50.00 Par value per common share Fair market value per common share (grant date) ..................... Fair market value per common share (forfeit date) Fair market value per common share (vested date) 15 60.00 ..... 16 $ 70.00 17 18 ACCOUNT (use drop-down menu) DEBIT CREDIT Unearned Comp. Com. Stk. - Par APIC - Com. 56 $ 0 $ 0 $ 0 Ret. Earnings (CO $ 0 $ 0 57 $ 0 What journal entry must Beerbo record at 58 its Dec. 31, 2024 fiscal year-end? Leave cells blank if nothing is required. 59 60 61 62 $ 0 $ 0 $ 0 $ 0 63 64 What journal entry must Beerbo record when the securities expire / are vested? Leave cells blank if nothing is required. 65 66 2 erbo's restricted stock. 3 $ 500,000.00 4 10,000.00 5 6 7 Jan. 1, 2020 Jan. 1, 2022 Jan. 1, 2030 8 fed 9 5.00 10 20.00 % 11 80.00 % 12 13 1.00 14 50.00 $ $ $ $ rant date) brfeit date) ested date) 15 60.00 16 70.00 17 18 menu) DEBIT CREDIT Unearned Comp. Com. Stk. - Par APIC - Com. . 56 $ o $ 0 $ 0 Ret. Earnings (Comp. Exp.) $ 0 $ 0 58 $ 0 57 What journal entry must Beerbo record at its Dec. 31, 2024 fiscal year-end? Leave 59 cells blank if nothing is required. 60 ------------ 61 62 $ 0 $ 0 $ 0 $ 0 63 What journal entry must Beerbo record 64 when the securities expire / are vested? 65 Leave cells blank if nothing is required. 66 2 Bonds Payable 3 Cash 4. Common Stock - Par 5 Compensation Expense 6 Convertible Preferred Stock 7 Debt Conversion Expense 8 Discount on Bonds Payable 9 Paid-in Capital in Excess of Par - Common Stock 10 Paid-in Capital in Excess of Par - Preferred Stock 11 Paid-in Capital - Expired Stock Options 12 Paid-in Capital - Stock Options 13 Paid-in Capital - Stock Warrants 14 Preferred Stock - Par 15 Premium on Bonds Payable 16 Retained Earnings 17 Unearned Compensation (contra-equity) 18