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. Journal entry worksheet Record the purchase of 3,500 shares of its own stock for $38,500 cash. Note: Enter debits before credits. QS 11-8 (Algo) Reporting a small stock dividend LO P2 The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20\% stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend). Prepare the stockholders' equity section immediately after the stock dividend is distributed. Sudoku Company issues 25,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $232,000 and the buliding at $368,000. Prepare the joumal entry to record issuance of the stock in exchange for the land and building. Journal entry worksheet Record the issue of 25,000 shares of $7 par value common stock in exchange for land valued at $232,000 and a bullding valued at $368,000. Notet Enter debits before credits