Nash Company issues 4,100 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2025. The stock has a fair value of $118,000 on this date. The service period related to this restricted stock is 4 years. Vesting occurs if Yaping stays with the company for 4 years. The par value of the stock is $5. At December 31, 2026, the fair value of the stock is $151,000. (c) - Your answer is partially correct. Prepare the journal entries on January 1, 2025, and December 31, 2026, assuming that Nash issued 4.100 shares of restricted stock units instead of 4.100 shares of restricted stock. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record entries in the order displayed in the problem statement.) Date Jan. 1, 2025 v Dec. 31, 2026 V Account Titles and Explanation Unearned Compensation Common Stock Compensation Expense Unearned Compensation Debit 118000 29500 Cn UUOO
Nash Company issues 4,100 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2025. The stock has a fair value of $118,000 on this date. The service period related to this restricted stock is 4 years. Vesting occurs if Yaping stays with the company for 4 years. The par value of the stock is $5. At December 31, 2026, the fair value of the stock is $151,000. (c) - Your answer is partially correct. Prepare the journal entries on January 1, 2025, and December 31, 2026, assuming that Nash issued 4.100 shares of restricted stock units instead of 4.100 shares of restricted stock. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record entries in the order displayed in the problem statement.) Date Jan. 1, 2025 v Dec. 31, 2026 V Account Titles and Explanation Unearned Compensation Common Stock Compensation Expense Unearned Compensation Debit 118000 29500 Cn UUOO
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable
Section: Chapter Questions
Problem 9P
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Don't give answer in image
![Nash Company issues 4,100 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2025. The stock has a fair value of
$118,000 on this date. The service period related to this restricted stock is 4 years. Vesting occurs if Yaping stays with the company
for 4 years. The par value of the stock is $5. At December 31, 2026, the fair value of the stock is $151,000.
(c)
- Your answer is partially correct.
Prepare the journal entries on January 1, 2025, and December 31, 2026, assuming that Nash issued 4.100 shares of restricted
stock units instead of 4,100 shares of restricted stock. (List all debit entries before credit entries. Credit account titles are
automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles
and enter 0 for the amounts. Record entries in the order displayed in the problem statement.)
Date
Jan. 1, 2025
Dec. 31, 2026
Account Titles and Explanation
Unearned Compensation
Common Stock
Compensation Expense
Unearned Compensation
Debit
118000
29500
Cn](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbdedae43-a6c8-40df-8724-44d691fbb6f9%2F9375f504-b79f-406e-b5dd-dd3d80743050%2F9meyg8i_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Nash Company issues 4,100 shares of restricted stock to its CFO, Dane Yaping, on January 1, 2025. The stock has a fair value of
$118,000 on this date. The service period related to this restricted stock is 4 years. Vesting occurs if Yaping stays with the company
for 4 years. The par value of the stock is $5. At December 31, 2026, the fair value of the stock is $151,000.
(c)
- Your answer is partially correct.
Prepare the journal entries on January 1, 2025, and December 31, 2026, assuming that Nash issued 4.100 shares of restricted
stock units instead of 4,100 shares of restricted stock. (List all debit entries before credit entries. Credit account titles are
automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles
and enter 0 for the amounts. Record entries in the order displayed in the problem statement.)
Date
Jan. 1, 2025
Dec. 31, 2026
Account Titles and Explanation
Unearned Compensation
Common Stock
Compensation Expense
Unearned Compensation
Debit
118000
29500
Cn
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