On May 3, Zirbal Corporation purchased 3,500 shares of its own stock for $38,500 cash. On November 4, Zirbal reissued 1,250 shares of this treasury stock for $15,000. 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

Sep 8, 2023

 

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On May 3, Zirbal Corporation purchased 3,500 shares of its own stock for $38,500 cash. On November 4, Zirbal reissued 1,250 shares of this treasury stock for $15,000. 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
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