D. Restricted Stock

On December 31, 2014, Ying Corporation granted 5,000 shares of its $1 par value common stock to certain of its key employees. The shares are restricted until 2 years of employment is completed (December 31, 2016). Market price of the common stock on that date was $30 per share. Assume that 10% of the employees left the company on January 1, 2016, and that the rest of the employees completed the vesting requirements. Use the Common Stock (Restricted) and the Deferred Compensation accounts as they are illustrated in the class notes.

Instructions:

Prepare the following selected journal entries for the company on the answer sheet (if no entry required, state no entry).

(1) December 31, 2014.

(2) December 31, 2015.

(3) January 1, 2016 for employees that left before vesting

(4) December 31, 2016.