Solution-Summarizes teslas employee share purchases for the

Summarizes teslas employee share purchases for the year

Reference no: EM132534568

Question - Tesla Motors's disclosure notes for the year ending December 31, 2017, included the following regarding its $0.001 par common stock:

Employee Stock Purchase Plan

Our employees are eligible to purchase our common stock through payroll deductions of up to 15% of their eligible compensation, subject to any plan limitations. The purchase price would be 85% of the lower of the fair market value on the first and last trading days of each six-month offering period. During the years ended December 31, 2017, 2016, and 2015, we issued 370,173, 321,788, and 220,571 shares under the ESPP for $71.0 million, $51.7 million, and $37.5 million, respectively. There were 1,423,978 shares available for issuance under the ESPP as of December 31, 2017.

Prepare the journal entry that summarizes Tesla's employee share purchases for the year ending December 31, 2017?

Reference no: EM132534568

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Summarizes teslas employee share purchases for the year

Reference no: EM132534568

Reference no: EM132534568

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