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On May 3, Zirbal Corporation purchased 7,500 shares of its own stock for $60,000 cash On November 4, Zirbal reissued 1,100 shares of this treasury

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On May 3, Zirbal Corporation purchased 7,500 shares of its own stock for $60,000 cash On November 4, Zirbal reissued 1,100 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

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