Listed below are a few events and transactions of Kodax Company.

Year $1$

January $2$ Purchased $95,000$ shares of Grecco Company common stock for $$501,000$ cash. Grecco has $285,000$ shares of common stock out$$tanding$,$ and its activities will be significantly influenced by Kodax.

September $1$ Grecco declared and paid a cash dividend of $$2\mathrm{.}00$ per share.

December $31$ Grecco announced that net income for the year is $$500,400.$

Year $2$

June $1$ Grecco declared and paid a cash dividend of $$2\mathrm{.}00$ per share.

December $31$ Grecco announced that net income for the year is $$722,900.$

December $31$ Kodax sold $10,000$ shares of Grecco for $$126,500$ cash.

Prepare journal entries to record the above transactions and events of Kodax Company.

Note: Do not round intermediate calculations and round your final answers to the nearest dollar amount.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

Purchased $95,000$ shares of Grecco Company common stock for $$501,000$ cash. Grecco has $285,000$ shares of common stock outstanding, and its activities will be significantly influenced by Kodax.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$]]$