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PART 3: The Black Widow Company allows its employees to purchase stock in the company at a 20% discount. During 2022, employees purchased 5000 shares

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PART 3: The Black Widow Company allows its employees to purchase stock in the company at a 20% discount. During 2022, employees purchased 5000 shares of the company's $1 par stock when the stock Was selling for $50 per share. REQUIRED: MAKE THE JOURNAL ENTRY BLACK WIDOW MAKES FOR THE SALE OF THE 5000 SHARES TO THEIR EMPLOYEES

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