January 1, 2021. Mest Co. granted restricted stock units (RSUS) representing 200.000 of its $1 par common shares to executives, subject to forfeiture it employment is terminated within four years. After the recipients of the RSUS satisfy the vesting requirements, Mest will distribute the shares. The common shares had a market value of $10 per share on the grant date. Mest chooses the option to account for the forfeitures when they actually occur. On January 1, 2022, 10% of the RSUS are forfeited due to executive turnover. Identify the following statements that are TRUE regarding Mest's accounting for the restricted stock units. No journal entry is made on January 1, 2021. The journal entry made on December 31, 2021 would include a debit to Compensation Expense for $500,000 and a credit to Paid-in Capital - Restricted Stock for $500,000 The journal entry made by Mest on December 31, 2022 would include a debit to Compensation Expense for $600,000 and a credit to Paid-in Capital - Restricted Stock for $600,000. In order to encourage ownership of the company's 51 par common stock, Wash Co. permits any of its employees to buy shares directly from Wash through payroll deduction. There are no brokerage fees and shares can be purchased at a 20% discount. During March, employees purchased 30,000 shares when the market price of the shares was $10 per share. Which ONE of the following statements is TRUE regarding the journal entry to record the March employee purchases of stock? The journal entry includes a debit to Compensation Expense for $60,000. The journal entry includes a debit to Cash for $300,000. The journal entry includes a debit to Paid-in Capital - in Excess of Par for $210,000