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please answer each box On May 3. Zirbal Corporation purchased 5,500 shares of its own stock for $49,500 cash. On November 4, Zirbal reissued 1,450

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On May 3. Zirbal Corporation purchased 5,500 shares of its own stock for $49,500 cash. On November 4, Zirbal reissued 1,450 shares of this treasury stock for $14,500. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock. View transaction lint Journal entry worksheet 1 2 Record the purchase of 5,500 shares of its own stock for $49,500 cash. Note: Enter debits before credits Debit Credit Date General Journal May 03 View general journal Record entry Clear entry

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