On May 3, Zirbal Corporation purchased 7.000 shares of its own stock for $84,000 cash. On November 4, Zirba reissued 1.600 shares of this treasury stock for $20,800. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock. View transaction list 50 Journal entry worksheet 1 2. Record the purchase of 7,000 shares of its own stock for $84,000 cash. Note: Enter debits before credits Date General Journal Debit Credit May 03 Record entry Clear entry View general joumal