
Record journal entries for 2016. I provided the treasury stock data as well and the journal entries that go along with it.
4. On September 30, 2016, Wildcat granted incentive compensation to executives in the form stock is scheduled to vest on September 30, 2017 of 10,000 shares of Restricted Stock with a fair value of $9 per share. The restricted 5. On July 1, 2016, Wildcat purchased a new, larger building for its primary operations by making a cash down payment of $200,000 and financing the remainder by issuing a $2,000,000 zero-interest bearing note from its revolving line ofcredit. Based on the interest rate implicit in its line of credit, the present value of the note payable at the time of issuance was $1,600,000. The note carries a 10 year maturity, coming due on July 1, 2026 2.Wildcat depreciates its fixed assets using the straight-line method with no salvage value based on the following useful lives: Buildings Equipment 20 years 8 years 3. Wildcat made the following share repurchases during the year: October November 5000 shares@ $8 per share 7500 shares@ $7 per share 3000 shares@ $6 per share December Treasury Stock 110,500 Cash 110,500 4. On September 30, 2016, Wildcat granted incentive compensation to executives in the form stock is scheduled to vest on September 30, 2017 of 10,000 shares of Restricted Stock with a fair value of $9 per share. The restricted 5. On July 1, 2016, Wildcat purchased a new, larger building for its primary operations by making a cash down payment of $200,000 and financing the remainder by issuing a $2,000,000 zero-interest bearing note from its revolving line ofcredit. Based on the interest rate implicit in its line of credit, the present value of the note payable at the time of issuance was $1,600,000. The note carries a 10 year maturity, coming due on July 1, 2026 2.Wildcat depreciates its fixed assets using the straight-line method with no salvage value based on the following useful lives: Buildings Equipment 20 years 8 years 3. Wildcat made the following share repurchases during the year: October November 5000 shares@ $8 per share 7500 shares@ $7 per share 3000 shares@ $6 per share December Treasury Stock 110,500 Cash 110,500