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Do this right thx In order to encourage employee ownership of the company's $1 par common shares, Washington Distribution permits any of its employees to

Do this right thx
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In order to encourage employee ownership of the company's $1 par common shares, Washington Distribution permits any of its employees to buy shares directly from the company through payroll deduction. There are no brokerage fees and shares can be purchased at a 14\% discount. During March, employees purchased 95,000 shares at a time when the market price of the shares on the New York Stock Exchange was $40 per share Required: Prepare the appropnate journal entry to record the March purchases of shares under the employee share purchase plan Note: If no entry is required for o tronsoction/event, select "No journal entry required" in the first occount field. Journal entry worksheet Record the March purchases of shares under the employee share purchase plan

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