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On January 1, 2024. Tru Fashions Corporation awarded restricted stock units (RSUs) representing 19 million of its $1 par common shares to key personnel, subject

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On January 1, 2024. Tru Fashions Corporation awarded restricted stock units (RSUs) representing 19 million of its $1 par common shares to key personnel, subject to forfeiture 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 $5.10 per share Required: 1. Determine the total compensation cost pertaining to the RSUs 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 thelifing of restrictions on the RSUs and issuing shares at December 31,2026 Complete this question by entering your answers in the tabs betow. Detarmi no tho toral compeneation coit pertaining to the psue. 2. Prepare the appropriate Joucnal entry to record the award of RSUs on lanuary 1,2024 3. Prepare the appropilate joucnalientry to record compensation expence on orycember 31,2024 4. Frepare the appropidate fouinal entry to rocord compensation expense on December 31, 2025. 5. Propare the appropidate journal entry to record compensation expense on December 31,2020. 6. Prepare the appropiate journat entiy to record the siftine of restrictions on the ssus and isseing shares at 0ecembera1, 2026. Noto:it no entry is roqulred for a trangactionvevent, felect "Wo Joarnat entry requirod in the firht account field. Oo not round intemediate caculations, Enter your ansivere in millions roundod to (decimal place ( 1.8.5 , 500 , 000 should be eatered as 5.5 ) 5 sicw loss A Journal entry worksheet Record thin award of Risis on January 1, 20?2, Notel fiateridebti liofore credile

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