On January 1, 2021, when a company's stock was selling in the market for $ 50 per share, the company awarded 100,000 restricted shares to various executives. The restriction would be lifted on December 31, 2025. At the beginning of 2024, 10% of executives resigned from the company.

REQUIRED: 

1. Prepare the wage entries for the dates of January 1, 2021, and December 31, 2023.

2. Prepare the wage entries for December 31, 2024, and 2025.

Answer rating: 100% (QA)

STEP 1 Journal entry is the process of recording the business transactions in the accounting books f... View the full answer