ASAP PLEASE I WILL GIVE THUMBS UP!!!!

In order to encourage employee ownership of the companys $2 par common shares, IVY Corp permits any of its employees to buy shares directly from the company thorough payroll deduction. These are no brokerage fees and shares can be purchased at a 30% discount. During November, employees purchased 35,000 shares at a time when the market price of the shares on NYSE was $60 per share.

Required:

Analyst the transaction to record the October purchases of shares under the employees share purchase plan. (Record the transaction in a Journal form format