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need help with this! Listed below are a few events and transactions of Kodax Company. Year 1 January 2 Purchased 40,000 shares of Grecco Conpany
need help with this!
Listed below are a few events and transactions of Kodax Company. Year 1 January 2 Purchased 40,000 shares of Grecco Conpany conson stock for $431, eoe cash. Grecco has 120 , o0e shares of connon stock outstanding. and its octivities will be significantly influenced by kodax. September: 1 Girecco declared and paid a cash dividend of $1.70 per share. December 31 Grecco announced that net incone for the year is $489,900. Year 2 Jume 1 drecco declared and pald a cash dividend of $1.70 per share. Dece-ber 31 drecco annoynced that net incooe for the year is $705,400. Decenber 32 Kodax sold 9 , 000 shares of Grecco for $160, 000 cash. Prepare jourmat entries to record the above transactions and events of Kodax. Company (Do not round intermediate calculations an round your final answers to the nearest dollar amount.) Step by Step Solution
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