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On May 3, Zirbal Corporation purchased 5,500 shares of its own stock for $55,000 cash. On November 4, Zirbal reissued 900 shares of this treasury

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On May 3, Zirbal Corporation purchased 5,500 shares of its own stock for $55,000 cash. On November 4, Zirbal reissued 900 shares of this treasury stock for $9.900. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock Journal entry worksheet Print References Record the purchase of 5,500 shares of its own stock for $55,000 cash. Note: Enter deres before credits Date General Journal Debit Credit May 03 Journal entry worksheet Record the reissue of 900 shares of this treasury stock for $9,900. Note: Enter debits before credits Date Nov 04 General Journal Debit Credit Record entry Clear entry View general Journal

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