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On May 3, Zirbal Corporation purchased 7,500 shares of its own stock for $67,500 cash. On November 4, Zissued 1,650 shares of this treasury

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On May 3, Zirbal Corporation purchased 7,500 shares of its own stock for $67,500 cash. On November 4, Zissued 1,650 shares of this treasury stock for $16,500. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury s View transaction list Journal entry worksheet < 1 2 Record the reissue of 1,650 shares of this treasury stock for $16,500. Note: Enter debits before credits. Date November 04 Cash Treasury stock General Journal Debit Credit 16,500 16,500 Paid-in capital, treasury stock

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