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CHAPTER 2 1 QUESTION 1 . ALL INFO HERE Required a. Compute the total amount of compensation cost for the restricted stock unit plan. b.

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CHAPTER 21 QUESTION 1. ALL INFO HERE
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Required a. Compute the total amount of compensation cost for the restricted stock unit plan. b. Prepare the journal entry on the date of grant, December 31 of Year 1. c. Prepare the journal entry on December 31 of Year 2. d. Prepare the journal entry on December 31 of Year 3. At that time, the company adjusts its estimate of forfeitures to 10%. e. Prepare the journal entries on December 31 of Year 4 to record (1) compensation expense and (2) distribution of shares, assuming actual forfeitures of 2,304 shares in Year 4. Note: If a journal entry isn't required on any of the dates shown, select "N/Adebit" and "N/Acredit" as the account names and leave the Dr. and Cr. answers blank (zero). a. Total amount of compensation cost 0 Date b. Dec. 31, Year 1 c. Dec. 31, Year 2 d. Dec. 31, Year 3 Account Name To record compensation cost. To record adjusting entryx Dr. cash OreierredStOe ot-nrH6nStQk -paidqnCPitaunxcessParCmmonStock$E Pa Pa id-i Unea Com pensation-Expens N/Acredit To record adjusting entrL e. Dec. 31, Year 4 To record adjusting entn, Dec 31, Year 4 To record distribution of shares. Check

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