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help please!! 1-6 Listed below are a few events and transactions of Kodax Company 2017 Jan. 2 Purchased 26,040 shares of Grecco co. common stock
help please!! 1-6
Listed below are a few events and transactions of Kodax Company 2017 Jan. 2 Purchased 26,040 shares of Grecco co. common stock for $411,eee cash plus a broker's fee of $3,300 cash. Grecco has 84, eee shares of common stock outstanding, and its policies will be significantly influenced by Kodax Sept. 1 Grecco declared and paid a cash dividend of $1.80 per share. Dec. 31 Grecco announced that net income for the year is $491,400. 2018 June 1Grecco declared and paid a cash dividend of $2.40 per share Dec. 31 Grecco announced that net income for the year is $707,900, Dec 31 Kodax sold 8,eee shares of Grecco for $335,000 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 list Journal entry worksheet 1 2 3 4 5 B Purchased 26,040 shares of Grecco Co. common stock for $411,000 cash plus a broker's fee of $3,300 cash. Grecco has 84,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax Note: Enter dit before credits General Journal Date Jan 02, 2017 Debit Credit Step by Step Solution
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