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TB Problem 19-152 (Algo) On January 1, 2021, Cobbler Corporation awarded restricted stock units (RSUS) representing 29.1 million of its $1 par common shares to
TB Problem 19-152 (Algo) On January 1, 2021, Cobbler Corporation awarded restricted stock units (RSUS) representing 29.1 million of its $1 par common shares to key officers, subject to forfeiture if employment is terminated 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 $5.6 per share. Required: 1. Determine the total compensation cost pertaining to the RSUs. 2. to 6. Prepare the appropriate journal entries. Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 6 Determine the total compensation cost pertaining to the RSUs. (Enter your answer in millions rounded to 2 decimal places (I.e., 5,500,000 should be entered as 5.50).) Total compensation cost million Reg 1 Req 2 to 6> Journal entry worksheet 1 2 3 4 5 Record the award of RSUs on January 1, 2021. Note: Enter debits before credits. Date: January 01, 2021 General Journal Debit Cred Clear entry Record entry Journal entry worksheet < 1 3 4 5 Record compensation expense on December 31, 2021. Note: Enter debits before credits Date December 31, 2021 General Journal Debit Credit Clear entry Record entry Journal entry worksheet < 1 2 3 4 5 Record compensation expense on December 31, 2022. Note: Enter debits before credits Date December 31, 2022 General Journal Debit Credil Clear entry Record entry 02:10:08 View transaction list Journal entry worksheet < 1 2 3 4 5 Record compensation expense on December 31, 2023. Note: Enter debits before credits. Date December 31, 2023 General Journal Debit Credit Clear entry Record entry Reg 1 View general journal Req 2 to 6> 02:09:58 View transaction list Journal entry worksheet 1 2 3 4 Record the lifting of restrictions on the RSUs and issuing shares at December 31, 2023. Note: Enter debits before credits Date December 31, 2023 General Journal Debit Credi Record entry Clear entry View general journal 500 bound
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