on May 3, zirbal corporation purchased 7500 shares of its own stock for 67500 cash. on November 4, zirbal reissued 1650 shares of this treasury stock for 16500

On May 3, Zirbal Corporation purchased 7,500 shares of its own stock for $67,500 cash. On November 4, Zirbal reissued 1,650 shares of this treasury stock for $16,500. Prepare the May 3 and November 4 joumal entries to record Zirbal's purchase and relssuance of treasury stock. View transaction list Journal entry worksheet Print Record the purchase of 7,500 shares of its own stock for $67,500 cash. Note: Enter debits before credits Date General Journal Debit Credit Record entry Clear entry View general journal