On January 1, 2020, Vera Clothing Inc. issued 11,000 shares of common stock, $5 par for $220,000. Related to this issuance, the company incurred legal and accounting fees of $5,500 and administrative fees of $5,500. On June 30, 2020, Vera Clothing Inc. reacquired 1,100 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	CashEquipmentInvestment in StockDividends PayableProperty Dividends PayablePreferred StockCommon StockCommon Stock Dividends DistributablePaid-in Capital in Excess of ParCommon StockPaid-in Capital in Excess of Stated ValueCommon StockPaid-in Capital in Excess of ParPreferred StockPaid-in CapitalRetired StockPaid-in CapitalTreasury StockRetained EarningsTreasury StockLegal ExpenseUnrealized Gain or LossIncomeN/A
	CashEquipmentInvestment in StockDividends PayableProperty Dividends PayablePreferred StockCommon StockCommon Stock Dividends DistributablePaid-in Capital in Excess of ParCommon StockPaid-in Capital in Excess of Stated ValueCommon StockPaid-in Capital in Excess of ParPreferred StockPaid-in CapitalRetired StockPaid-in CapitalTreasury StockRetained EarningsTreasury StockLegal ExpenseUnrealized Gain or LossIncomeN/A
	CashEquipmentInvestment in StockDividends PayableProperty Dividends PayablePreferred StockCommon StockCommon Stock Dividends DistributablePaid-in Capital in Excess of ParCommon StockPaid-in Capital in Excess of Stated ValueCommon StockPaid-in Capital in Excess of ParPreferred StockPaid-in CapitalRetired StockPaid-in CapitalTreasury StockRetained EarningsTreasury StockLegal ExpenseUnrealized Gain or LossIncomeN/A
	CashEquipmentInvestment in StockDividends PayableProperty Dividends PayablePreferred StockCommon StockCommon Stock Dividends DistributablePaid-in Capital in Excess of ParCommon StockPaid-in Capital in Excess of Stated ValueCommon StockPaid-in Capital in Excess of ParPreferred StockPaid-in CapitalRetired StockPaid-in CapitalTreasury StockRetained EarningsTreasury StockLegal ExpenseUnrealized Gain or LossIncomeN/A