Rigby Company was charmed in the state of California. The company was authorized to issue 25,000 share of no par common stock which has a stated value of $2 per share. The stock related transaction are as follows: Issued 5,000 share of common stock at $14 per share. Issue 4,000 share of common stock for land. Asking price for the land was 50,000. Common stock's market value was $12 per share. Issued 2, 500 share of common stock for $30,000. Repurchased 200 share of the common stock for $11 per share. Declared a cash dividend on the common stock outstanding of $0.10 per share, payable on October 31 to stockholders' of record on October 25. Date of record for cash dividends. Paid cash dividends. Prepare the journal entries for the abort transactions