Concord Company issues $10,400$ shares of restricted stock to its CFO, Mary Tokar, on January $1,2025.$ The stock has a falr value of $$520,000$ on this date. The service period related to this restricted stock is $5$ years. Vesting occurs if Tokar stays with the company until December $31,2029.$ The par value of the stock is $$10.$ At December $31,2025,$ the falr value of the stock is $$447,000.$

$($a$).$

$($b$)$

$($c$)$

$($d$)$

Your answer is partialiy correct:

On July $5,2029.$ Tokar leaves the company. Prepare the journal entry to account for this forfeiture of restricted stock units. $($List debit entry before credit entry. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry for the account titles and enter O for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit $***$RED INCORRECT