MacroApps Corporation's disclosure notes for the year ending June 30,2020 , included the following regarding...
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MacroApps 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 80% of the fair market value on the last trading day of each three-month period. Employees may purchase shares having a value not exceeding 20% 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 MacroApps's 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 account field. Enter your answers in whole dollars
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