Question: CHAPTER 2 1 QUESTION 4 . ALL THERE. Recording Entries for Restricted Stock Units On January 1, Alaska Inc. granted restricted stock units to five

CHAPTER

21

QUESTION

4 .

ALL THERE.

Recording Entries for Restricted Stock Units On January 1, Alaska Inc. granted restricted stock units to five executives for a total of 600 share common stock. The fair value of the shares of stock on January 1 is $36,000. The restricted shar vesting period of 3 years, which is the requisite service period, and no forfeitures are anticipate Note: If a journal entry isn't required for the transaction, select "N/A" as the account names ant and Cr. answers blank (zero). a. Prepare the journal entry (if any) required on January 1. Date Jan. 1 Account Name O .ash ...aid4nCap@aVGkCeSSOfPar.Com moffStockz Paid-incapitalExptreStOCkOption9 unearned COmpensationEquiW Com pensatwonepense N/Acredit b. Prepare the adjusting journal entry required on December 31. Dec. 31 Check

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