On May 3, Zirbal Corporation purchased 8,500 shares of its own stock for $93,500 cash. On November 4, Zirbal reissued 1,750 shares of this treasury stock for $21,000. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock. View transaction list Journal entry worksheet Record the purchase of 8,500 shares of its own stock for $93,500 cash. Note: Enter debits before credits. General Journal Credit Date May 03 Debit 93,500 Treasury stock Cash 93,500 Record entry Clear entry View general journal Journal entry worksheet Record the reissue of 1,750 shares of this treasury stock for $21,000. Note: Enter debits before credits. Date General Journal Credit Debit 21,000 Nov 04 Cash Treasury stock Paid-in capital, treasury stock Record entry Clear entry View general journal