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On May 3, Zirbal Corporation purchased 5,000 shares of its own stock for $45,000 cash. On November 4, Zirbal reissued 85
Posted: Fri Jul 01, 2022 8:50 am
by answerhappygod
- On May 3 Zirbal Corporation Purchased 5 000 Shares Of Its Own Stock For 45 000 Cash On November 4 Zirbal Reissued 85 1 (31.2 KiB) Viewed 53 times
On May 3, Zirbal Corporation purchased 5,000 shares of its own stock for $45,000 cash. On November 4, Zirbal reissued 850 shares of this treasury stock for $8,500. 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 5,000 shares of its own stock for $45,000 cash. Note: Enter debits before credits. Date May 03 General Journal Debit Credit THI