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Listed below are a few events and transactions of Kodax Company 2017 Jan. 2 Purchased 24.000 zkarcz Greco Co com on took for $424,0004sh plus
Listed below are a few events and transactions of Kodax Company 2017 Jan. 2 Purchased 24.000 zkarcz Greco Co com on took for $424,0004sh plus a broker, of conon stock outstanding and ts policies vill be signi ficantly inflened by Kods fee oz $4,600 ash Grecco bas 80,000 share: Sept 1Grecco declsred and paid esh dividend oE 3.10 pr share. Dec. 31 Grecco snneunced that net incone for the year is $510,900 2018 June 1 Greco declared and paid a cash dividend of $3. 70 per share. Dec. 31 Grecco amounced that to o the year $740, 400 Dee. 31 Kodax sold 13, 000 shares oE Grecco for $400,000 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 nesrest dollar amount.) View transaction list Journal entry worksheet 123 4 56 Purchased 24,000 shares of Grecco Co. common stock for $424,000 cash plus a broker's fee of $4,600 cash. Grecco has 80,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax. Note: Enter debits before credits bit Jan 02, 2017 Record entry Clear entry View general journal View transaction list Journal entry worksheet Grecco declared and paid a cash dividend of $3.10 per share. Note: Enter debits before credits. Debit Credit Date General Journal Sep 01, 2017 Record entry Clear entry View general journal Dec. 31 Kodax sold 13, 000 shares of Grecco for $400, 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.) Hint View transaction list Ask Journal entry worksheet Grecco announced that net income for the year is $510,900 Note: Enter debits before credits. Credit Debit General Journal Date Dec 31, 2017 View general journal Clear entry Record entry Journal entry worksheet Grecco declared and paid a cash dividend of $3.70 per share. Note: Enter debits before credits. Date General Journal Debit Credit Jun 01, 2018 Record entry Clear entry View general journal View transaction list Ask Journal entry worksheet Grecco announced that net income for the year is $740,400. Note: Enter debits before credits. General Journal Credit Date Debit Dec 31, 2018 Record entry Clear entry View general journal View transaction list Journal entry worksheet Kodax sold 13,000 shares of Grecco for $400,000 cash Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2018 Record entry Clear entry View general journal
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