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 dol

$(1)$ Purchased $90,000$ shares of Grecco Company common

stock for $$511,000$ cash. Grecco has $270,000$ shares of

common stock outstanding, and its activities will be

significantly influenced by Kodax.

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

share.

$3$ Grecco announced that net income for the year is

$$501,900.$

$4$ Grecco declared and paid a cash dividend of $$2\mathrm{.}20$ per

share.

$5$ Grecco announced that net income for the year is

Note : $=$ journal entry has been enteredListed below are a few events and transactions of Kodax Company Year $1$ January $2$ Purchased $90,000$ shares of Grecco Company common stock for $$511,000$ cash. Grecco has $270,000$ shares of common stock outstanding, and its activities will be significantly influenced by Kodax. September $1$ Grecco declared and paid a cash dividend of $$1\mathrm{.}90$ per share. December $31$ Grecco announced that net income for the year is $$501,900$ Year $2$ June $1$ Grecco declared and paid a cash dividend of $$2\mathrm{.}20$ per share. December $31$ Grecco announced that net income for the year is $\backslash$$ overline $725.$ December $31$ Kodax sold $11,000$ shares of Grecco for $$128,000$ 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. ences View transaction list Journal entry worksheet $2356$ Grecco declared and paid a cash dividend of $$1\mathrm{.}90$ per sharePrepare 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 nea

View transaction list

significantly influenced by Kodax.

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

share.

$3$ Grecco announced that net income for the year is

$$501,900.$

$4$ Grecco declared and paid a cash dividend of $$2\mathrm{.}20$ per

share.

$5$ Grecco announced that net income for the year is

$$725,400.$

$6$ Kodax sold $11,000$ shares of Grecco for $$128,000$ cash.

Note : $=$ journal entry has been entered