On May 3, Zibal Corporation purchased 7.000 shares of its own stock for $49,000 cash. On November 4, Zirbal reissued 1,050 shares of this treasury stock for $8,400 Prepare the May 3 and November 4 journal entries to record Zirbai's purchase and reissuance of treasury stock. Journal entry worksheet Recoid the purchase of 7,000 shares of its own stock for $49,000 caih. Bote: Yister At shat before credits Journal entry worksheet Record the reissue of 1,050 shares of this treasury stock for $8,400. Note: Enter debits before credits