Since January 1, 2017 P owns 80 percent of SEJ shares and 80 percent of SEM shares. In 2020 P relinquished some of its ownership in SEJ (October 1, 2020) and on SEM (July 1, 2020). The relevant data for partial investment release transactions in SEJ and SEM are as follows:

	Investment in SEJ	Investment in SEM
Number of shares owned/outstanding shares	16.000/20.000	8.000/10.000
Balance as of January 1 , 2020	800.000.000	800.000.000
Date of sale of part of the stock	October 1 , 2020	July 1 , 2020
Number of shares released	4.000	1.500
Total selling/release price of shares	217.500.000	175.000.000
Net income SEJ in 2020	50.000.000
Net income SEM in 2020		40.000.000
Dividend 2020 distributed by SEJ	25.000.000
Dividend 2020 distributed by SEM		20.000.000
Dividend payment date	December 1 , 2020	October 1 , 2020

Note:
Support your answers with adequate calculations and explanations

Question:

1. Create an entire journal for P in posting a partial release transaction of Investment
in SEJ on October 1, 2020 if the release transaction is recorded ACCORDING to the transaction date. 

2. Make a journal for P in posting a partial release transaction of Investment
in SEJ on October 1, 2020 if the release transaction is recorded as if the transaction occurred
at the BEGINNING of the YEAR.  

3. Prove that the listing of the share release transaction on the date of the transaction and on the initial date of the year gives an identical effect so that the investment in SEJ year-end balance will be identified in both ways of recording.