On May 3, Zirbal Corporation purchased 3,500 shares of its own stock for $38,500 cash. On November 4, Zirbal reissued 1,250 shares of this treasury stock for $15,000. 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 3,500 shares of its own stock for $38,500 cash. Note: Enter debits before credits. Date May 03 General Journal Debit Credit Journal entry worksheet < 1 2 Record the purchase of 3,500 shares of its own stock for $38,500 cash. Note: Enter debits before credits. Date May 03 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 Record the reissue of 1,250 shares of this treasury stock for $15,000. Note: Enter debits before credits. Date November 04 General Journal Debit Credit View general journal Record entry Clear entry