On 5/5/2018, a CEO exercised 100 options to buy a company's stock at the $50 exercise price. The market price of the company's stock is $80 on that day. A company reissues treasury stock that originally cost $70 per share to provide the shares to the CEO.

What is the correct journal entry for the May 2018 exercise of the stock options?

Answer rating: 100% (QA)

Heres the journal entry for the exercise of the stock options in May 2018 Account Debit Credit Cash 5000 Additional Paidin Capital 3000 Treasury Stock ... View the full answer