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

2017

Jan.		2		Purchased 27,000 shares of Grecco Co. common stock for $427,000 cash plus a brokers fee of $4,900 cash. Grecco has 100,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax.
Sept.		1		Grecco declared and paid a cash dividend of $3.40 per share.
Dec.		31		Grecco announced that net income for the year is $515,400.

2018

June		1		Grecco declared and paid a cash dividend of $4.00 per share.
Dec.		31		Grecco announced that net income for the year is $747,900.
Dec.		31		Kodax sold 14,000 shares of Grecco for $415,000 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.)

1-Purchased 27,000 shares of Grecco Co. common stock for $427,000 cash plus a brokers fee of $4,900 cash. Grecco has 100,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax.

2-Grecco declared and paid a cash dividend of $3.40 per share.

3-Grecco announced that net income for the year is $515,400.

4-Grecco declared and paid a cash dividend of $4.00 per share.

5-Grecco announced that net income for the year is $747,900.

6-Kodax sold 14,000 shares of Grecco for $415,000 cash.