On July 1, 2015, Rudy Compnay issued 18,000 shares od restricted $2 par value common stock...

On July 1, 2015, Rudy Compnay issued 18,000 shares od restricted $2 par value common stock to Executive PQ and 7,000 shares of restricted $2 par value common stock to Executive RS. On that date, the stock has a fair value of $196,000 and the vesting period is 3 years. Executive PQ leaves the company on January 1, 2017 and Executive RS remains with the company all 3 years.

Required: Record all the necessary journal entries for 2015 and 2016 and the departure of Executive PQ on January 1, 2017.

Expert Solution

ekkarill92 answered 2 years ago

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