Year 1 January 2 Purchased 62,000 shares of Grecco Company common stock for...
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Accounting
Year
January Purchased shares of Grecco Company common stock for $ cash. Grecco has shares of common stock outstanding, and its activities will be significantly influenced by Kodax.
September Grecco declared and paid a cash dividend of $ per share.
December Grecco announced that net income for the year is $
Year
June Grecco declared and paid a cash dividend of $ per share.
December Grecco announced that net income for the year is $
December Kodax sold shares of Grecco for $ 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.
Journal entry worksheet
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