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  3. 2017 jan. 2 purchased 27,300 shares of grecco co.

2017 Jan. 2 Purchased 27,300 shares of Grecco Co. common stock for $415,000 cash plus...

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2017 Jan. 2 Purchased 27,300 shares of Grecco Co. common stock for $415,000 cash plus a broker's fee of $3,700 cash. Grecco has 78,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $2.20 per share. Dec. 31 Grecco announced that net income for the year is $497,400. 2018 June 1 Grecco declared and paid a cash dividend of $2.80 per share. Dec. 31 Grecco announced that net income for the year is $717,900. Dec. 31 Kodax sold 13,000 shares of Grecco for $355,000 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 > Purchased 27,300 shares of Grecco Co. common stock for $415,000 cash plus a broker's fee of $3,700 cash. Grecco has 78,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax. Note: Enter debits before credits. Date General Journal Debit Credit Jan 02, 2017 Record entry Clear entry View general journal

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