On May $3,$ Zirbal Corporation purchased $8,500$ shares of its own stock for $$93,500$ cash. On November $4,$ Zirbal relssued $1,750$ shares of this treasury stock for $$21,000.$

Prepare the May $3$ and November $4$ Joumal entrles to record Zirbal's purchase and relssuance of treasury stock.

Journal entry worksheet

$1$

$2$

Record the purchase of $8,500$ shares of its own stock for $$93,500$ cash.

Note: Enter debits betere orects.