At the start of $201,$ a company had $100,000$ shares of $$1$ par common stock issued and outstanding. All of these shares had been issued in the prior year for $$5$ per share.

On June $12,20$X$1,$ this company repurchased $1,000$ shares of its own stock for $$7$ per share. It plans to reissue these shares at a future time.

Required: In the journal below, record the June $12$ journal entry $($the repurchase of its own stock$).$ Do not include currency symbols, decimals, or cents in the numerical response.

$\backslash$table$[[$Date$,$Account,Debit,Credit$],[$June $1.,,,],[,,,]]$