On May 3, Zirbal Corporation purchased 4,000 shares of its own stock for $48,000 cash. On November 4, Zirbal reissued 1300 shares of this treasury stock for $16,900. 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 2 Record the purchase of 4,000 shares of its own stock for $48,000 cash. Note Enter debit before credits Date General Journal Debit Credit May 03 Record entry Clear entry View general journal