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asap plz will give thumbs up On November 1, 2025, Oriole Company adopted a stock-option plan that granted options to key executives to purchase 31,800
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On November 1, 2025, Oriole Company adopted a stock-option plan that granted options to key executives to purchase 31,800 shares of the company's $9 par value common stock. The options were granted on January 2, 2026, and were exercisable 2 years after the date of grant if the grantee was stilian employee of the company. The options expired 6 years from date of grant. The option price was set at $40, and the fair value option-pricing model determines the total compensation expense to be $477,000. All of the options were exercised during the year 2028:21,200 on January 3 when the market price was $68, and 10,600 on May1 when the market price was $77 a share. Prepare journal entries relating to the stock option plan for the years 2026, 2027, and 2028. Assume that the employee performs services equally in 2026 and 2027. (List all debit entries before credit entries. 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. Do not round intermediate calculations. Round answers to O decimal places, eg.5,125. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit Step by Step Solution
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