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Listed below are a few events and transactions of Kodax Company. 2017 Jan. 2 Purchased 34,000 shares of Grecco Co. common stock for $421,000 cash

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Listed below are a few events and transactions of Kodax Company. 2017 Jan. 2 Purchased 34,000 shares of Grecco Co. common stock for $421,000 cash plus a broker's fee of $4,300 cash. Grecco has 85,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $2.80 per share. Dec. 31 Grecco announced that net income for the year is $506,400. 2018 June 1 Grecco declared and paid a cash dividend of $3.40 per share. Dec. 31 Grecco announced that net income for the year is $732,900. Dec. 31 Kodax sold 13,000 shares of Grecco for $385,000 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 6 > Purchased 34,000 shares of Grecco Co. common stock for $421,000 cash plus a broker's fee of $4,300 cash. Grecco has 85,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax. Note: Enter debits before credits. Date General Journal Debit Credit Jan 02, 2017

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