Under a restricted stock award plan, Has Been Company grants 5 million, $1 par common shares to some key executives on January 1, 2010. The shares require a 4-year vesting period, and all shares become vested. On January 1, 2010, the fair value of the restricted shares granted is $25 per share.

To prepare each required journal entry:

• Click on a cell in the Account Name column and select from the option list the appropriate account. An account may be used once, more than once, or not at all.
• Enter the corresponding debit or credit amount in the associated column.
• Round all amounts to the nearest whole number.
• Not all rows in the table might be needed to complete each journal entry.
• If no journal entry is needed, check the No entry required box at the top of the table as your response.

1. Prepare an adjusting entry to reflect activity at 2010, 2011, 2012, and 2013 year ends.

No Entry Required

Account Name	Debit	Credit

2. Prepare an adjusting entry to reflect activity created by the fully vested shares at December 31, 2013.

No Entry Required

Account Name	Debit	Credit