Exercise 19-10 Employee share purchase plan [LO19-3 In order to encourage employee ownership of the company's St 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 1 % 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 eBook Required Prepare the appropriate journal entry to record the March purchases of shares under the employee share purchase plan (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Ask Print References View transaction ist Journal entry worksheet Record the March purchases of shares under the employee share purchase plan. 9 Journal entry worksheet Record the March purchases of shares under the employee share purchase plan. eBook Hint Ask Print References Note: Enter debits before aredits. General Journal Debit Credit Event Record entry Clear entry View general journal