Prepare metlock journal entries for january

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Question - On January 1, 2020, Metlock Corporation granted 4,800 options to executives. Each option entitles the holder to purchase one share of Metlock's $5 par value common stock at $50 per share at any time during the next 5 years. The market price of the stock is $68 per share on the date of grant. The fair value of the options at the grant date is $164,000. The period of benefit is 2 years.

Required - Prepare Metlock's journal entries for January 1, 2020, and December 31, 2020 and 2021.

Reference no: EM132656603

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