13 QS 11-11 Purchase and sale of treasury stock LO P3 1.12 points On May 3, Zirbal Corporation purchased 4,000 shares of its own stock for $48,000 cash. On November 4, Zirbal reissued 1,300 shares of this treasury stock for $16,900. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock. eBook View transaction list View journal entry worksheet No Date General Journal Debit Credit Hint ay 03 Treasury stock 40,000 Cash Print 2Nov 04 Cash Treasury stock Paid-in capital, treasury stock References