In Order to Encourage Employee Ownership of the Company's $1

question 32

Essay

In order to encourage employee ownership of the company's $1 par common shares, T Corp. 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 15% discount. During June, employees purchased 150,000 shares at a time when the market price of the shares on the New York Stock Exchange was $10 per share.
Required:
Prepare the appropriate journal entry to record the June purchases of shares under the employee share purchase plan.

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Definitions:

Content Of Therapy

The specific issues, themes, and topics explored and addressed within a therapy session.

Behavioral

Relating to the actions or reactions of a person or animal in response to external or internal stimuli.

Systemic

Pertaining to an approach that considers the interconnectedness of elements within a system, such as in systemic therapy which focuses on the relationships and dynamics within a family or group.

Content Of Therapy

This refers to the specific subjects, issues, or themes that are discussed and worked on during psychotherapy sessions.