On January 1, 2024, Tru Fashlons Corporation awarded restricted stock units (RSUs) representing 12 million of Its $1 par common shares to key personnel, subject to forfelture if employment is terminated within three years. After the reciplents of the RSUs satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $250 per share. Requlred: 1. Determine the total compensation cost pertaining to the RSUs. 2. Prepare the approprlate 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 appropriate journal entry to record compensation expense on December 31,2025. 5. Prepare the approprlate journal entry to record compensation expense on December 31,2026 . 6. Prepare the approprlate journal entry to record the lifting of restrictions on the RSUs and Issulng shares at December 31,2026. Complete this question by entering your answers in the tabs below. Determine the total compensation cost pertaining to the RSUs. Note: Enter your answer in millions (i.e., 10,000,000 should be entered as 10). On January 1, 2024, Tru Fashions Corporation awarded restricted stock units (RSUs) representing 12 million of Its $1 par common shares to key personnel, subject to forfelture if employment is terminated within three years. After the reciplents of the RSUs satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $2.50 per share. Requlred: 1. Determine the total compensation cost pertaining to the RSUs. 2. Prepare the approprlate 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 approprlate journal entry to record compensation expense on December 31,2026 . 6. Prepare the approprlate journal entry to record the lffting of restrictions on the RSUs and Issulng shares at December 31 , 2026. Complete this question by entering your answers in the tabs below. 2. Prepare the appropriate 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 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 , 2026 . Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Journal entry worksheet
