On May 3, Zirbal Corporation purchased 5,000 shares of its own stock for $40,000 cash On November 4, Zirbal reissued 1,400 shares of this treasury stock for $12,600. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and relssuance of treasury stock. View transaction ist Journal entry worksheet 1 2 Record the purchase of 5,000 shares of its own stock for $40,000 cash. Note: Enter debits before credits. General Journal Debit Credit Date May 03 QS 13-16 Impacts of stock issuances, dividends, splits, and treasury transactions LO P2, P3 Select whether stockholders' equity would increase (). decrease (D), or have no effect (NE) as a result of each separate transaction listed below. Equity List 1. A small stock dividend is declared. 2. No par common stock is issued. 3. Treasury stock is sold above cost for cash 4. Treasury shares of preferred stock are purchased QS 13-3 Issuance of par and stated value common stock LO P1 Prepare the journal entry to record Jevonte Company's issuance of 32,000 shares of its common stock assuming the shares have a a. $3 par value and sell for $19 cash per share. b. $3 stated value and sell for $19 cash per share. View transaction fist Journal entry worksheet Record the issuance of 32,000 shares of common stock assuming the shares have a $3 par value and sell for $19 cash per share. Note: Enter debits before credits Transaction General Journal Debit Credit