On January 1, 2018, Cobbler Corporation awarded restricted stock units (RSUS) representing 27.9 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUS satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $6.4 per share. Required: 1. Determine the total compensation cost pertaining to the RSUS. 2. to 6. Prepare the appropriate journal entries. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 to 6 Determine the total compensation cost pertaining to the RSUS. (Enter your answer in millions rounded to 2 decimal places (.e., 5,500,000 should be entered as 5.50).) Total computation cost milion Reg 2 to 8 ) Prey 26 of 28 Next > Help On January 1, 2018, Cobbler Corporation awarded restricted stock units (RSU) representing 27.9 million of its S1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUS satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $6.4 per share. Required: 1. Determine the total compensation cost pertaining to the RSUS. 2. to 6. Prepare the appropriate journal entries. Complete this question by entering your answers in the tabs below. Reg 1 Req 2 to 6 Prepare the appropriate journal entries. (If no entry is required for a transaction/event, select "No journal entry required in the first account Meld. Enter your answers in millions rounded to 2 decimal places (.e., 5,500,000 should be entered as 5.50).) View transaction to Journal entry worksheet 1 2 3 5 > Record the award of Rsus on January 1, 2018 Note Enter debts before credits Date January 01. 2018 General Journal Debit Credit Record compensation expense on December 31, 2018 Note: Enter debts belore credits General Journal Debit Credit December 31, 2018 Help On January 1, 2018, Cobbler Corporation awarded restricted stock units (RSUS) representing 27.9 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUS satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $6.4 per share. Required: 1. Determine the total compensation cost pertaining to the RSUS, 2. to 6. Prepare the appropriate journal entries. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 to 6 Prepare the appropriate journal entries. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions rounded to 2 decimal places (.e., 5,500,000 should be entered as 5.50).) View transaction et Journal entry worksheet 3 2 4 5 > Record compensation expense on December 31, 2019 Note: Etrets before credits Date December 31, 2010 General Journal Debit Credit Proy 26 of 28 M On January 1, 2018, Cobbler Corporation awarded restricted stock units (RSUS) representing 27.9 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $6.4 per share. Required: 1. Determine the total compensation cost pertaining to the RSUS. 2. to 6. Prepare the appropriate journal entries. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 to 6 Prepare the appropriate journal entries. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).) View transaction list Journal entry worksheet Record compensation expense on December 31, 2020 Note Enter debts before credits Date December 31, 2020 General Journal Debit Credit Prey 26 of 28 Next > Help On January 1, 2018. Cobbler Corporation awarded restricted stock units (RSUS) representing 27.9 milion of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUS satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $6.4 per share. Required: 1. Determine the total compensation cost pertaining to the RSUS. 2. to 6. Prepare the appropriate journal entries. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 to 6 Prepare the appropriate journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account feld. Enter your answers in millions rounded to 2 decimal places (ie., 5,500,000 should be entered as 5,50).) View transaction list Journal entry worksheet 3 4 Record the lifting of restrictions on the RSUS and issuing shares at December 31, 2020 Note: Enter debits before credits Data December 31, 2020 General Journal Dobit Credit
