In order to encourage employee ownership of the company’s $1 par common shares, washington distribution 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 8% discount. during march, employees purchased 65,000 shares at a time when the market price of the shares on the new york stock exchange was $28 per share. required: prepare the appropriate journal entry to record the march purchases of shares under the employee share purchase plan. (if no entry is required for an event, select "no journal entry required" in the first account field.)

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.