Mathematics, 20.03.2021 06:50, 259772

On January 1, 2017 (the date of grant), Martinez Corporation issues 9,700 shares of restricted stock to its executives. The fair value of these shares is $276,450, and their par value is $9,700. The stock is forfeited if the executives do not complete 3 years of employment with the company. Prepare the journal entry (if any) on January 1, 2017, and on December 31, 2017, assuming the service period is 3 years.

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On January 1, 2017 (the date of grant), Martinez Corporation issues 9,700 shares of restricted stock...