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On January 1, 2021, when a company's stock was selling in the market for $ 50 per share, the company awarded 100,000 restricted shares to

On January 1, 2021, when a company's stock was selling in the market for $ 50 per share, the company awarded 100,000 restricted shares to various executives. The restriction would be lifted on December 31, 2025. At the beginning of 2024, 10% of executives resigned from the company.

REQUIRED: 1. Prepare the wage entries for the dates of January 1, 2021 and December 31, 2023.

2. Prepare the wage entries for December 31, 2024 and 2025.

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