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Porter Inc. issues 8,000 shares (Par Value $10 prah of Restricted Stock to the CEO on January 1, 2022 The stock has a fair
Porter Inc. issues 8,000 shares (Par Value $10 prah of Restricted Stock to the CEO on January 1, 2022 The stock has a fair value of $240,000 on this data. The service period related to the stock is 3 years Vesting occurs after 3 years from the date of issue As January 1, 2022, the journal entry to record issuance of the Restricted Stock would include O a debit to Compensation Expense $240,000 Ob no entry required on Date of Grant Ocredit to Paid In Capital-Restricted Stock $240,000 Od debit to Unearned Compensation $240,000 Ocredit to Compensation Expense $80,000 G
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