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Make journal entry to record grant of the restricted stock

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Question - On January 2, 2021, Manders Inc. granted 250,000 shares of restricted common stock to its key executives. Manders $2 par value common stock had a $38.40 market value per share on the grant date. The restricted stock vests on December 31, 2023. In early January, 2022, executives who were granted 60,000 shares left Manders to work for Kruz Inc. Executives who received the remaining 190,000 restricted shares completed the vesting period.

A. Make the journal entry to record the grant of the restricted stock on January 2, 2021.

B. What is compensation expense for 2021?

C. What is compensation expense for 2022?

D. What is compensation expense for 2023?

Reference no: EM132989294

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