Problem for June 30th: Under the restricted stock unit plan, the company granted restricted stock units (RSUs) representing 4 million of its $1 par common shares to various division managers. The shares are subject to forfeiture if employment is terminated within three years. The common shares had a market price of $12.50 per share on the grant date.

Journal Entry for June 30th:

No Journal Entry Required.

Adjusting Entry Problem: The company recognizes accrued expense for granted restricted stock units on June 30th. What is the adjusting entry for End of Year 2021, December 31st.