Exercise 15-12 Securities transactions; equity method Lo P4 14 Listed below are a few events and transactions of Kodax Company 2017 an. 2 Purchased 24,op shares of Grecco Co. comon stock for $420,00 cash plus broker's fee of s4,200 cash. Grecco has 6s, o0 Sept. 1 Grecco declared and paid a cash dividend of $2.70 per share. shares of common stock outstending, and its policies will be significantly influenced by Kodax. Dec, 31 Grecco announced that net Income for the year is 504,990. eBlook 2018 June 1 Grecco declared and paid a cash dividend of 53.30 per share. Dec, 31 Grecco announced that net incoee for the year is $730,400 Dec, 31 Kodax sold 9,000 shares of Grecco for $380,000 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.) References Journal entry worksheet Purchased 24,700 shares of Grecco Co. common stock for $420,000 cash plus a broker's fee of $4,200 cash, Grecco has 65,000 shares of common stock outstanding, and its polildies will be significantly influenced by Kodax Credit Jan 02. 2017 Journal entry worksheet 56 2 3 Grecco declared and paid a cash dividend of $2.70 per share Note: Enter debits before credits. Date ral Sep 01, 2017 Record entry Clear entry View transaction list Journal entiry worksheet K 12 3456 Grecco announced that net income for the year is $504,900. redit Dec 31, 2017 View tr Journal entry worksheet