BE20-39.rand.03 Question 8 Partially correct Mark 6.41 out of 7.69 Flag question Preparing Entry for Direct Retirement of Reacquired Shares On January 1, 2020, Vera Clothing Inc. issued 6,000 shares of common stock, $5 par for $120,000. Related to this issuance, the company incurred legal and accounting fees of $3,000 and administrative fees of $3,000. On June 30, 2020, Vera Clothing Inc. reacquired 600 shares of common stock at $21 per share and immediately retired the shares. Prepare the journal entry required on June 30, 2020. Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. Date Account Name Dr. Cr. June 30, 2020 Common Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings 3,000 600 X 600 0 Cash 0 12,600 Check Prin