Student name and ID: Assignment 3: section 3203 Exercise 1: (2.5) O Zester Corporation has outstanding 50,000 $3 par value ordinary shares. On May 1, 2022, Zester reacquired 600 shares at $43 per share. On August 31, Zester reissued 450 shares at $40 p per share. Zester had no previous treasury share transactions. Instruction: Zester's journal entries to record these transactions using the cost method. May 1 Treasurung shor 25, 800 25800 Exercise 2: During its first year of operations, Faulkner SE had the following transactions pertaining to its dinary shares. n. 5 Issued 50,000 shares for cash at 5 per share. Issued 5,000 shares and paid 50,000 in cash to a vendor in exchange for computers. The list price of the computers totaled 98,000