On May $3,$ Zirbal Corporation purchased $4,500$ shares of its own stock for $$36,000$ cash. On November $4,$ Zirbal reissued $800$ shares of this treasury stock for $$7,200.$

Prepare the May $3$ and November $4$ journal entries to record Zirbal's purchase and reissuance of treasury stock.

Journal entry worksheet

$2$

Record the purchase of $4,500$ shares of its own stock for $$36,000$ cash. record the reissue of $800$ shares of this treasury stock for $7,200$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$May $03],[,,,],[,,,],[,,,],[,,,],[,,,]]$