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 Common Stock 5,500 Paid-in Capital in Excess of Par-Common Stock 11,000 X 0 Retained Earnings 5,500 x 0 Cash 0 23,100 0