Salem, Inc. implemented a restricted stock plan in early 2017. The company transferred 420,000, $1 par shares to the restricted stock plan, that day the stock was trading at $24.83. The restricted shares vest over four years.
Use the financial statement effects template below to record the transfer of the shares in 2017 and the vesting in 2018

Question

Salem, Inc. implemented a restricted stock plan in early 2017. The company transferred 420,000, $1 par shares to the restricted stock plan, that day the stock was trading at $24.83. The restricted shares vest over four years. 
Use the financial statement effects template below to record the transfer of the shares in 2017 and the vesting in 2018

Quizplus · Accepted Answer

The Answer of Salem, Inc. implemented a restricted stock plan in early 2017. The company transferred 420,000, $1 par shares to the restricted stock plan, that day the stock was trading at $24.83. The restricted shares vest over four years. 
Use the financial statement effects template below to record the transfer of the shares in 2017 and the vesting in 2018