Question: help fast please! Listed below are a few events and transactions of Kodax Company. Year 1 January 2 Purchased 75, 0ee shares of Grecco Company
Listed below are a few events and transactions of Kodax Company. Year 1 January 2 Purchased 75, 0ee shares of Grecco Company conson stock for $531,000 cash. Grecco has 300,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. September 1 Grecco declared and paid a cash dividend of $1.78 per share. December 31 Grecco announced that net incone for the year is $04,900. Year 2 June 1 Grecco dectared and paid a cash dividend of $3.40 per share. Decenber 31 Grecco announced that net incone for the year is $736,400. Decenber 31 Kodax sold 9, eee shares of Grecco for $131,000 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.) Journal entry worksheet
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