question 22

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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 list 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. Date General Journal Debit Credit May 03 Record entry Clear entry View general journal 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 list Journal entry worksheet 1 2 Record the reissue of 1,450 shares of this treasury stock for $14,500. Note: Enter debits before credits. Date General Journal Debit Credit Nov 04 Record entry Clear entry View general journal