A companys common share account showed the following transactions for 20x3:

Date	Description	Dr.	Cr.	Balance
Jan 1	Opening balance, 20,000 shares			$220,000
Mar 1	Issue 5,000 shares*		60,000	280,000
Jun 1	Issue 2,300 shares for cash		25,000	305,000
Sept 1	Repurchase 4,000 shares @ $18	72,000		233,000

* The shares issued on March 1 were for the purchase of land appraised at $65,000 as of the date of the offer on Feb 28. The shares were trading at $12 per share on March 1, the date of closing (i.e. the date the land was acquired).

The December 31, 20x3 unadjusted trial balance shows a balance of zero in the Contributed Surplus Common Share Repurchases account.

* The shares issued on March 1 were for the purchase of land appraised at $65,000 as of the date of the offer on Feb 28. The shares were trading at $12 per share on March 1, the date of closing (i.e. the date the land was acquired). The December 31, 20x3 unadjusted trial balance shows a balance of zero in the Contributed Surplus Common Share Repurchases account. Required Prepare any adjusting journal entries required at December 31, 20x3.