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On January 1, 2020, Vera Clothing Inc. issued 8,000 shares of common stock, $5 par for $160,000. Related to this issuance, the company incurred legal

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On January 1, 2020, Vera Clothing Inc. issued 8,000 shares of common stock, $5 par for $160,000. Related to this issuance, the company incurred legal and accounting fees of $4,000 and administrative fees of $4,000. On June 30, 2020, Vera Clothing Inc. reacquired 800 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. Account Name Dr. Cr. Date June 30, 2020

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