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On May 3, Zibal Corporation purchased 6,000 shares of its own stock for $60,000 cash On November 4, Zirbal reissued 1.500 shares of this treasury

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On May 3, Zibal Corporation purchased 6,000 shares of its own stock for $60,000 cash On November 4, Zirbal reissued 1.500 shares of this treasury stock for $16,500. 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 1 2 Record the purchase of 6,000 shares of its own stock for $60,000 cash. Note: Enter debts before credits General Journal Debit Credit Date May 03 Journal entry worksheet

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