Prepare Pearl journal entries for January

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Question - On January 1, 2020, Pearl Corporation granted 2,200 shares of restricted $5 par value common stock to executives. The market price (fair value) of the stock is $63 per share on the date of grant. The period of benefit is 2 years.

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

Reference no: EM132656606

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