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Listed below are a few events and transactions of Kodax Company. 00 Doints Year 1 Jan. 2 Purchased 97,000 shares of Greece Co. common stock

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Listed below are a few events and transactions of Kodax Company. 00 Doints Year 1 Jan. 2 Purchased 97,000 shares of Greece Co. common stock for $541,000 cash. Orecco has 291,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodex. Sept. 1 Grecco declared and paid a cash dividend of $1.60 per share. Dec. 31 Crecco announced that net income for the year $506,400. Skpoed Year 2 June 1 Crecco declared and paid a cash dividend of $3.60 per share. Dec. 31 Crecco announced that net income for the year is 9732,900. Dec. 31 Kodax sold 13,000 shares of Crecco for $95.000 cash Book 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 97,000 shares of Grecco Co. common stock for $541,000 cash. Grecco has 291,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. Note: Enter debts before credits Date Jan. 2. Year 1 General Journal Debit Credit Jan. 2 Purchased 97,000 shares of Grecco Co. common stock for $541,000 cash. Grecco has 291,000 sh. outstanding, and its activities will be significantly influenced by Kodex. 1 Grecco declared and paid a cash dividend of $1.60 per share. 31 Grecco announced that net income for the year is $506,400. Sept. Dec. Year 2 June 1 Grecco declared and paid a cash dividend of $3.60 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 $95,000 cash. Prepare journal entries to record the above transactions and events of Kodax Company. (Do not round Intermedi round your final answers to the nearest dollar amount.) View transaction list Journal entry worksheet

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