On May 3, Zirbal Corporation purchased 8,000 shares of Its own stock for $80,000 cash. On November 4, Zirbal relssued 1,700 shares of this treasury stock for $18,700. Prepare the May 3 and November 4 journal entrles to record Zlrbal's purchase and relssuance of treasury stock. Journal entry worksheet Record the purchase of 8,000 shares of its own stock for $80,000 cash. Note: Enter debits before credits. Dn May 3, Zlrbal Corporation purchased 8,000 shares of Its own stock for $80,000 cash. On November 4 , Zirbal relssued 1,700 shares of this treasury stock for $18,700. Prepare the May 3 and November 4 journal entrles to record Zlrbal's purchase and relssuance of treasury stock. Journal entry worksheet Record the reissue of 1,700 shares of this treasury stock for $18,700. Note: Enter debits before credits