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QS 11-17 (Algo) Purchase and sale of treasury stock LO P3 On May 3, Zirbal Corporation purchased 6,500 shares of its own stock for $78,000 cash. On November 4, Zirbal reissued 1000 shares of this treasury stock for $13,000. Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock. Journal entry worksheet 2 Mecord the purchase of 6,500 shares of its own stock for 578,000 cash. Note: Enter debles beforw credica