On May 3, Zirbal Corporation purchased 5,500 shares of its own stock for $49,500 cash. On November 4, Zirbal reissued 1,450 shares of this treasury stock for $14,500. 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 1 2 Record the purchase of 5,500 shares of its own stock for $49,500 cash. Note: Enter debits before credits. Date May 03 General Journal Debit Credit Record entry Clear entry View general journal >