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6. Journalize the following transactions. a. Taxis Co. declares a property dividend of a building on the books at $235,000 but with a market
6. Journalize the following transactions. a. Taxis Co. declares a property dividend of a building on the books at $235,000 but with a market value of $340,000. Show gain, declaration, and distribution entries. b. Equal Co. repurchases for treasury 10,000 shares of common stock at $ 19. per share. c. Equal Co sells 5,000 of the treasury shares for $ 24. per share d. Equal co. sells 5,000 remaining shares at $ 14 per share.
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