Question: Exercise 19-11 (Algo) Employee share purchase plan; MacroApps [LO19-3] MacroApps Corporations disclosure notes for the year ending June 30, 2020, included the following regarding its

Exercise 19-11 (Algo) Employee share purchase plan; MacroApps [LO19-3]

MacroApps Corporations disclosure notes for the year ending June 30, 2020, included the following regarding its $0.00000625 par common stock:

Employee Stock Purchase PlanWe 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:

(Shares in millions)
Year Ended June 30, 2020 2019 2018
Shares purchased 9.1 11.1 13.1
Average price per share $ 142.44 $ 105.07 $ 76.62

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 MacroAppss 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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