QS 11-17 (Algo) Purchase and sale of treasury stock LO P3 On May 3, Zirbal Corporation purchased 4,000 shares of its own stock for $48,000 cash. On November 4, Zirbal reissued 1,300 shares of this treasury stock for $16,900. 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 LLLLLLLLL 1 2 > Record the purchase of 4,000 shares of its own stock for $48,000 cash. Note: Enter debits before credits. Date General Journal Debit Credit May 03 Record entry Clear entry View general Journal QS 11-17 (Algo) Purchase and sale of treasury stock LO P3 On May 3, Zirbal Corporation purchased 4,000 shares of its own stock for $48,000 cash. On November 4, Zirbal reissued 1,300 shares of this treasury stock for $16,900. 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 reissue of 1,300 shares of this treasury stock for $16,900. Note: Enter debits before credits. Date General Journal Debit Credit Nov 04 Record entry Clear entry View general journal