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Present the records for the transactions of common shares

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Reference no: EM132820728

The 1st. August, the Shaw LLC corporation. bought 1,000 common shares of Estrella Corp. for $ 37,000 in cash. The 1st. December, Shaw LLC. sold the investment in common shares of Estrella Corp. for US $ 40,000 in cash.

Problem 1: Present the corresponding records in the 'Journal' that reflect the purchase and sale of the common shares of Estrella Corp.

Problem 2: Present the records for these transactions of common shares of Estrella Corp. according to the method of the equity method

Reference no: EM132820728

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