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QS 13-15 Purchase and sale of treasury stock LO PB On May 3, Zirbal Corporation purchased 6.500 shares of its own stock for $71.500 cash. On November 4. Zirbal reissued 1.550 shares of this treasury stock for $18.600. 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 2 Record the purchase of 6,500 shares of its own stock for $71,500 cash. Note: Enter debits before credits. Date General Journal Debit Credit May 03 Record entry Clear entry Vien general journal