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

$10$

points

eBook

Hint

Print

References

June $1$ Grecco declared and paid a cash dividend of $$2\mathrm{.}90$ per share.

December $31$ Grecco announced that net income for the year is $$720,400.$

December $31$ Kodax sold $14,000$ shares of Grecco for $$125,000$ 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.

View transaction list

View journal entry worksheet

$\backslash$table$[[,$No$,$Date,General Journal,Debit,Credit$],[0,1,$January $2,$ Year $1,$Equity method investments,$491,000,],[,,,$Cash,,$491,000],[0,2,\backslash$table$[[$September $1,$ Year$],[1]],$Cash,$178,500,]]$

Mc

Hili

Prev

$5$ of $10$

Next