Business, 12.03.2021 15:20 kkwolfcityouwc96

On January 1, 2020 (the date of grant), Vaughn Corporation issues 2,000 shares of restricted stock to its executives. The fair value of these shares is $72,000, and their par value is $10,000. The stock is forfeited if the executives do not complete 3 years of employment with the company. Prepare journal entries for January 1, 2020, and on December 31, 2020, assuming the service period is 3 years. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select

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On January 1, 2020 (the date of grant), Vaughn Corporation issues 2,000 shares of restricted stock t...