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it wont let me put def comp on the journal entry. is this correct, On January 1, 2021, Jeans-R-Us Company awarded 15 million of its
it wont let me put def comp on the journal entry. is this correct,
On January 1, 2021, Jeans-R-Us Company awarded 15 million of its $1 por common shares to key executives, subject to forfelture if employment is terminated within three years. On the date of the grant, the stock had a maiket price of $3 per share Required: 1. Determine the total compensation cost pertaining to the restricted shares 28 3. Prepare the appropriate journal entry to record the award on January 1,2021 and record compensation expense on Decembes 31, 2021 Complete this question by entering your answers in the tabs below. Determne the fotal compensation cost pertaining to the restricted shares, (Enter your anown in miliors (h.e; 10,060,000. stipuld be entered 1510}.) Prepare the appropriate fournal entry to record the award on lanuary 1 , 2021 and record compensation expense on December 31 , 2021. (1f no entry is required for a transactionfevent, select "No journal entry required" in the first account field. Enter your answers in inililions (i:e, 10,000,000 should be ontered as 10).) Step by Step Solution
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