On January 1, 2024, Tru Fashians Corporation awarded restricted stock units (RSUs) representing 13 million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminoted 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 56.60 per s iare Required: 1. Determine the total compensation cost pertaining to the RSUS 2. Prepare the oppropriate journal entry to record the award of RSUS, on January 1,2024. 3. Prepare the appropriate journal entry to record compensation expense on December 31,2024. 4. Prepare the appropriate journal entry to record compensation expense on December 31,2025 5. Prepare the oppropriate journal entry to record compensation expense on December 31,2026 6. Prepare the oppropriate journal entry to record the lifting of restrictions on the RSUs and issuing shares at December 31, 2026. Complete this question by entering youtc answers in the tabs below. Determine the total compensation cost pertaining to the RSUs. Note: Enter your antwer in mullians rounded to 1 decimal place (li.e, 5,500,000 should be entered as -5.5). On January 1, 2024, Tru Fashions Corporation awarded restricted stock units (RSUs) representing 13 millior of its $1 par commion shares to key personnel, subject to forfelture if employment is terminated within three years. After the recipients of the RSUS satiafy. the vesting requirement, the company will distribute the shares, On the grant date, the shares had a market price of $6.60 per share. Required: 1. Determine the total compensation cost pertoining to the RSUS. 2. Prepare the appropriate journal entry to record the award of RSUs on January 1,2024 3. Prepare the approprlate journal entry to record compensation expense on December 31,2024 4. Prepare the approprlate journal entry to record compensation expense on December 31, 2025. 5. Prepare the appropriate journal entry to record compensation expense on December 31,2026. 6. Prepare the appropriate journal entry to record the lifting of restrictions on the RSUs and issuing shares at December 31,202.6. Complete this question by entering your answers in the tabs below. 2. Prepare the approprate journal entry to recard the award of RSUs on January 1, 2024 3. Prepare the oppropriate journal entry to record compensotion expense on December 31,2024 4. Propare the oppropriate journal entry to record compensation expense on December 31,2025. 5. Prepare the appropriate joumal entry to record compensation expense on December 31,2025 . 6. Prepare the appropriate joumal entry to record the lifting of restrictions on the RSUs and issuing shares at December 31,2026 Note: if no entry is required for a tranfoction/ovent, nefect - No journat entry required in the first account fied: Do noc roung
