Business, 06.10.2021 18:20 chasereynolds6302

Sheridan Company issues 11,300 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2020. The stock has a fair value of $565,000 on this date. The service period related to this restricted stock is 5 years. Vesting occurs if Tokar stays with the company until December 31, 2024. The par value of the stock is $10. At December 31, 2020, the fair value of the stock is $521,000. (a) Prepare the journal entries to record the restricted stock on January 1, 2020 (the date of grant), and December 31, 2021

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Sheridan Company issues 11,300 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2020...

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