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Prepare journal entries to record the above transactions and events of Kodax round your final answers to the nearest dollar amount.) View transaction list X:
Prepare journal entries to record the above transactions and events of Kodax round your final answers to the nearest dollar amount.) View transaction list X: 1 Purchased 95,000 shares of Grecco Co. common stock for $501,000 cash. Grecco has 285,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. fash. vities 2 2 Grecco declared and paid a cash dividend of $2.00 per share. Debit 3 Grecco announced that net income for the year is $500,400. 4 Grecco declared and paid a cash dividend of $2.00 per share. 5 Grecco announced that net income for the year is Note journal entry has been entered Prepare journal entries to record the above transactions and events of Kodas round your final answers to the nearest dollar amount.) View transaction list X: *** influenced by Kodax. 2 last Grecco declared and paid a cash dividend of $2.00 per share. viti 3 Grecco announced that net income for the year is $500,400. 4 Grecco declared and paid a cash dividend of $2.00 per share. 5 Grecco announced that net income for the year is $722,900. 6 Kodax sold 10,000 shares of Grecco for $126,500 cash. Note : = journal entry has been entered Listed below are a few events and transactions of Kodax Company Year 1 Jan. 2 Purchased 5,000 shares of Grecco Co. common stock for $501,000 cash. Grecco has 285,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid cash dividend of $2.00 per share. Dec. 31 Grecce announced that net income for the year is $500,400. Year 2 June 1 Grecco declared and paid a cash dividend of $2.00 per share. Dec. 31 Grecco announced that net income for the year is $722,900. Dec. 31 Kodax sold 10,000 shares of Grecco for $126,500 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.)
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