On May 3, Zirbal Corporation purchased 6,500 shares of its own stock for $78,000 cash. On November 4, Zirbal reissued 1.000 shares of this treasury stock for $13,000. 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 Record the purchase of 6,500 shares of its own stock for $78,000 cash. Note: Enter debits before credits Debit Credit General Journal May 03 Belkin Inc. has 117,000 shares of $3 par value common stock outstanding. Belkin declares a 57% stock dividend on March 2 when the stock's market value is $89 per share. Prepare the journal entry for declaration of the stock dividend. View transaction list Journal entry worksheet Record the declaration of a 57% stock dividend. Note Enter debit before credits General Journal Debit Credit Date Mar 02 Belkin Inc. has 117,000 shares of $3 par value common stock outstanding. Belkin declares a 57% stock dividend on March 2 when the stock's market value is $89 per share. Prepare the journal entry for declaration of the stock dividend. View transaction list Journal entry worksheet Record the declaration of a 57% stock dividend. Note Enter debit before credits General Journal Debit Credit Date Mar 02