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Current Attempt in Progress On January 1 , 2 0 2 6 , Bramble Inc. granted stock options to officers and key employees for the
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On January Bramble Inc. granted stock options to officers and key employees for the purchase of shares of the company's $ par common stock at $ per share. The options were exercisable within a year period beginning January by grantees still in the employ of the company, and expiring December The service period for this award is years. Assume that the fair value optionpricing model determines total compensation expense to be $
On April options were terminated when the employees resigned from the company. The market price of the common stock was $ per share on this date.
On March options were exercised when the market price of the common stock was $ per share.
Prepare journal entries to record issuance of the stock options, termination of the stock options, exercise of the stock options, and charges to compensation expense, for the years ended December and 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 for the amounts. Record entries in the order displayed in the problem statement.
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