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Preparing Entry to Issue Common Stock with Stock Issue Costs On January 1 , Vera Clothing Inc. issued 6 , 0 0 0 shares of

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Preparing Entry to Issue Common Stock with Stock Issue Costs
On January 1, 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. Prepare the journal entry on January 1.
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