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Listed below are a few events and transactions of Kodax Company. Year 1 Jan. 2 Purchased 97,eee shares of Grecco Co. common stock for $541,888
Listed below are a few events and transactions of Kodax Company. Year 1 Jan. 2 Purchased 97,eee shares of Grecco Co. common stock for $541,888 cash. Grecco has 291, eee shares of common stock outstanding, and its activities will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $1.68 per share. Dec. 31 Grecco announced that net income for the year is $5e6,4ee. Year 2 June 1 Grecco declared and paid a cash dividend of $3.68 per share. Dec. 31 Grecco announced that net income for the year is $732,9ee. Dec. 31 Kodax sold 13,888 shares of Grecco for $95,eee 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.) View transaction Mat Journal entry worksheet 2 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 debits before credits. Date General Journal Debit Credit Jan. 2. Year 1 Record entry Clear entry View general Journal Journal entry worksheet
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