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Brief Exercise 16-2 On August 1, Shaw Company buys 1,000 shares of Estrada common stock for $34,500 cash On December 1, Shaw sells the stock

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Brief Exercise 16-2 On August 1, Shaw Company buys 1,000 shares of Estrada common stock for $34,500 cash On December 1, Shaw sells the stock investments for $37,500 in cash. Journalire the purchase and sale of the common stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry for the account ties and enter for the amounts.) Date Account Tities and Explanation Debit Credit Click if you would like to show Work for this questioni Doen Show Work

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