Question: 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
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 ellgible employees. Shates of our common stock may be purchased by employees at three-month intervals at 85% of the fair market value on the last trading day of each three-month period. Employees may purchase shares having a value not exceeding 15% of their gross compensation during an offering period. Employees purchased the following shates 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 joumat entry that summarizes MacroApps's employee share purchases for the year ending June 30,2020. Note: If no entry is required for o transoction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars
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