11-11 Purchase and sale of treasury stock LO P3 On May 3, Zirbal Corpor of this treasury stock for $8,500. ation purchased 4,000 shares of its own stock for $36,000 cash. On November 4, Zirbal reissued 850 shares Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock View transaction list Journal entry worksheet Record the purchase of 4,000 shares of its own stock for $36,000 cash. Note: Enter debits before credits. General Journal Debit Credit May 03 View general journal Record entry Clear entry 2 of 6 QS 11-11 Purchase and sale of treasury stock LO P3 On May 3, Zirbal Corporation purchased 4,000 shares of its own stock for $36,000 cash. On November 4, Zirbal reissued 850 shares of this treasury stock for $8,500. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock. View transaction list Journal entry worksheet Record the reissue of 850 shares of this treasury stock for $8,500. Note: Enter debits before credits. Debitr Date General Journal Credit Nov 04 Record entry Clear entry View general journal