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On May 3, irbal Corporation purchased 4.000 shares of its own stock for $36,000 cash. On November 4, Z of this treasury stock for $8,500

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On May 3, irbal Corporation purchased 4.000 shares of its own stock for $36,000 cash. On November 4, Z of this treasury stock for $8,500 Prepare the May 3 and November 4 joumal entries to record Zirbal's purchase and reissuance of t 3 and November 4 joumal entries to record Zirbal's purchase and reissuance of treasury stock Journal entry worksheet Record the purchase of 4,000 shares of its own stock for $36,000 cash. Note: Enter debits before credits Debit Credit May 03 Record enty Clear entry View general journal

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