ch. 19 - q.1

Exercise 19-11 (Static) Employee share purchase plan; Microsoft [LO19-3] Microsoft Corporation's disclosure notes for the year ending June 30,2020 , included the following regarding its $0.00000625 par common stock: Employee Stock Purchase Plan - We have an ESPP for all eligible employees, Shares of our common stock may be purchased by employees at three-month intervals at 90% of the fair market value on the last trading day of each three-month period. Employees may purchase shares having a value not exceeding 15% of their gross compensation during an offering period. Employees purchased the following shares during the periods presented: As of June 30,2020,96 million shares of our common stock were reserved for future issuance through the ESPP Required: Prepare the journal entry that summarizes Microsofts employee share purchases for the year ending June 30,2020 . Note: If no entry is required for a transaction/event, select "No journal entry required" in the first occount field, Enter your answers in whole dollors