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2017 Jan. 2 Purchased 24,000 shares of Grecco Co. common stock for $412,000 cash plus a broker's fee of $3,400 cash. Grecco has 100,000 shares

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2017 Jan. 2 Purchased 24,000 shares of Grecco Co. common stock for $412,000 cash plus a broker's fee of $3,400 cash. Grecco has 100,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodex. Sept. 1 Grecco declared and paid a cash dividend of $1.90 per share. Dec. 31 Grecco announced that net income for the year is $492,900. 2018 June 1 Grecco declared and paid a cash dividend of $2.50 per share. Dec. 31 Grecco announced that net income for the year is $710,400. Dec. 31 Kodax sold 12,000 shares of Grecco for $340,000 cash. Prepare journal entries to record the above transactions and events of Kodax Company. (Do not round Intermediate calculations and round your final answers to the nearest dollar amount.) View transaction liat Journal entry worksheet 1 2 3 4 5 6 Purchased 24,000 shares of Grecco Co. common stock for $412,000 cash plus a broker's fee of $3,400 cash. Grecco has 100,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax Tooter Enter debit before credits Date General Journal Debit Credit Jan 02, 2017 d your final answers to the nearest dollar amount.) ew transaction list Journal entry worksheet

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