Question: why is this wrong and what are the correct anwsers for the two red Xs? Return to question 2 QS 13-11 Purchase and sale of

why is this wrong and what are the correct anwsers for thewhy is this wrong and what are the correct anwsers for the two red Xs?

Return to question 2 QS 13-11 Purchase and sale of treasury stock LO P3 2 points On May 3, Zirbal Corporation purchased 6,500 shares of its own stock for $78,000 cash. On November 4, Zirbal reissued 1,000 shares of this treasury stock for $13,000 Prepare the May 3 and November 4 journal entries to record Zirbal's purchase and reissuance of treasury stock Answer is not complete Date General Journal Debit Credit May 03 Treasury stock 78,000 Cash 78,000 2 Nov 04 Treasury sto ck Paid-in capital, treasury sto ck 1,300

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