s On May 3, Zirbal Corporation purchased 7,000 shares of its own stock for $84,000 cash. On November 4, Zirbal reissued 1,600 sharesof this treasury stock for $20,800.Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock.View transaction listJournal entry worksheet<2Record the purchase of 7,000 shares of its own stock for $84,000 cash.Note: Enter debits before credits.DateMay 03Record entryGeneral JournalClear entryDebitCreditView general journal

Shares which are bought back by the company from the open market but not retired from the company…

Answered: On May 3, Zirbal Corporation purchased…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter15: Investments And Fair Value Accounting

Section: Chapter Questions

Problem 3PA

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On May 3, Zirbal Corporation purchased 4,500 shares of its own stock for $31,500 cash. On November 4, Zirbal reissued 1,350 shares of this treasury stock for $10,800. 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
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. View transaction list Journal entry worksheet 1 2 Record the purchase of 7,000 shares of its own stock for $49,000 cash. Note: Enter debits before credits. Date May 03 Record entry General Journal Clear entry Debit Credit View general journal >
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On April 2, 20x5, Jedi Nights, Inc., a hotel under the management of Skywalker Enterprises purchased 4,500 shares of its own stock for $36,000 cash. On October 3, of the same year Jedi Nights reissued 800 shares of this treasury stock for $7,200. What are Jedi's journal entries on April 2 and October 3 to record the purchase and reissuance of treasury stock? View transaction list Journal entry worksheet < 1 Record Jedi's purchase of 4,500 shares of its own stock for $36,000 cash. Date Apr 02 2 Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal
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