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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
In order to encourage employee ownership of the companys $ 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 discount. During March, employees purchased shares at a time when the market price of the shares on the New York Stock Exchange was $ per share. Journal Entry Record the March purchases of shares under the employee share purchase plan.
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