Question
On May 3, Zirbal Corporation purchased 5,000 shares of its own stock for $45,000 cash. On November 4, Zirbal reissued 850 shares of this treasury
On May 3, Zirbal Corporation purchased 5,000 shares of its own stock for $45,000 cash. On November 4, Zirbal reissued 850 shares of this treasury stock for $8,500. Prepare the May 3 and November 4 journal entries to record Zirbals purchase and reissuance of treasury stock.
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Accounting Texts And Cases
Authors: Robert Anthony, David Hawkins, Kenneth A. Merchant
12th Edition
0073100919, 978-0073100913
