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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 View transaction lit 1 Record the purchase of 7,500 shares of its own stock for $60,000 cash. ? Record the reissue of 1,100 shares of this treasury stock for $9,900 Credit Note journal entry has been entered Record entry Clear entry View general journal

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