On May 3, Zirbal Corporation purchased 7,000 shares of its own stock for $84,000cash. On November 4, Zirbal reissued 1,600 share 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. Journal entry worksheet 2 Record the purchase of 7,000 shares of its own stock for $84,000 cash. Note: Enter debits before credits. On May 3, Zirbal Corporation purchased 7,000 shares of its own stock for $84,000 cash. On November 4, Zirbal 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. Journal entry worksheet Record the reissue of 1,600 shares of this treasury stock for $20,800. Note: Enter debits before credits