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• Accounts payable

• Accounts receivable

• Accumulated depreciationBuilding

• Accumulated depreciationEquipment

• Amortization expense

• Bonds payable

• Brokerage fee expense

• Building

• Cash

• Common stock, $10 par value

• Cost of goods sold

• Debt investments - Available-for-sale

• Debt investments - Held-to-maturity

• Debt Investments - Trading

• Depreciation expenseBuilding

• Depreciation expenseEquipment

• Discount on bonds payable

• Dividend revenue

• Earnings from equity method investments

• Equipment

• Equity method investments

• Fair value adjustment - Available-for-sale

• Fair value adjustment - Stock

• Fair value adjustment - Trading

• Gain on retirement of bonds payable

• Gain on sale of debt investments

• Gain on sale of stock investments

• Income summary

• Interest expense

• Interest payable

• Interest receivable

• Interest revenue

• Inventory

• Land

• Loss on retirement of bonds payable

• Loss on sale of debt investments

• Loss on sale of stock investments

• Notes payable

• Paid-in capital in excess of par value, common stock

• Paid-in capital in excess of par value, preferred stock

• Paid-in capital, treasury stock

• Preferred stock, $100 par value

• Premium on bonds payable

• Rental expense

• Rental revenue

• Retained earnings

• Salaries expense

• Sales

• Sales discounts

• Sales returns and allowances

• Stock investments

• Supplies

• Supplies expense

• Treasury stock

• Unrealized gain - Equity

• Unrealized gain - Income

• Unrealized loss - Equity

• Unrealized loss - Income

Exercise 15-14 (Algo) Accounting for equity method investments LO P5 Listed below are a few events and transactions of Kodax Company Year 1 January 2 Purchased 40,000 shares of Grecco Company common stock for $431,000 cash. Grecco has 120,000 shares of carmon stock outstanding, and its activities will be significantly influenced by Kodax. September 1 Grecco declared and paid a cash dividend of $1.70 per share. December 31 Grecco announced that net income for the year is $489,900. Year 2 June 1 Grecco declared and paid a cash dividend of $1.70 per share. December 31 Grecco announced that net income for the year is $705,400. December 31 Kodax sold 9,900 shares of Grecco for $160,000 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 Purchased 40,000 shares of Grecco Company common stock for $431,000 cash. Grecco has 120,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. Note: Enter debits before credits. Journal entry worksheet 6 Grecco declared and paid a cash dividend of $1.70 per share. Note: Enter debits before credits. Journal entry worksheet 6 Grecco announced that net income for the year is $489,900. Note: Enter debits before credits. Journal entry worksheet 1 Grecco declared and paid a cash dividend of $1.70 per share. Note: Enter debits before credits. Journal entry worksheet 1 Grecco announced that net income for the year is $705,400. Note: Enter debits before credits. Journal entry worksheet

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