$1$

On January $1,2024,$ Vijay Communications granted restricted stock units $($RSUs$)$ representing $30$ million of its $$1$ par common shares to executives, 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.

The common shares had a market price of $$15$ per share on the grant date.

At the date of grant, Vijay anticipated that $7\%$ of the recipients would leave the firm prior to vesting.

On January $1,2025,6\%$ of the RSUs are forfeited due to executive turnover.

Vijay chooses the option to account for forfeitures when they actually occur.

Required:

to $3.$ Prepare the appropriate journal entries to record compensation expense on December $31,2024,$ December $31,2025,$ and December $31,2026.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$

Answer is complete but not entirely correct.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$December $31,202,$Compensation expense,$(,150(,],[,,$Paid$-$in capital $-$ restricted stock,$(,,150],[,,,,,],[2,$December $31,202$:$,$Compensation expense,$(,132,],[,,$Paid$-$in capital $-$ restricted stock,$*,,132(],[,,,,,],[3,$December $31,202,$Compensation expense,$(,123,],[,,$Paid$-$in capital $-$ restricted stock,$(,,123$