Business, 03.08.2020 14:01 julissav28346

On May 3, Zirbal Corporation purchased 7,000 shares of its own stock for $49,000 cash. On November 4, Zirbal reissued 1,050 shares of this treasury stock for $8,400. Prepare the May 3 and November 4 journal entries to record Zirbal’s purchase and reissuance of treasury stock.

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On May 3, Zirbal Corporation purchased 7,000 shares of its own stock for $49,000 cash. On November 4...

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