Various financial assets and financial liabilities   LO12, 13 Great Adventure Ltd has entered into a number of contracts that are financial instruments as follows.

(a) On 1 July 2018, the company acquired 100 000 shares in Telstra Corporation Limited as a longterm investment at a cost of $500 000. The year-end market prices of Telstra shares were $6.50 on 30 June 2019 and $5.50 on 30 June 2020.

(b) On 1 April 2019, the company acquired 100 000 exchange traded call options in Westpac Banking Corporation Ltd at a cost of $3.00 per option. The options have an exercise price of $38.00 and mature on 22 November 2019. The options have a fair value to the holder of $4.00 each on 30 June 2019 and $5.20 each on 22 November 2019 when the options are exercised.

(c) On 1 October 2018, the company wrote 100 000 exchange traded call options in Woolworths Limited at a premium of $2.50 per option. The options have an exercise price of $40.00 and mature on 20 July 2019. Woolworths share price is $39.00 on 20 July 2019. The options have a fair value to the holder of $1.50 each on 30 June 2019 and nil each on 20 July 2019.

(d) On 1 March 2019, the company takes a sell position on 50 units of ASX SPI 200 Futures. Each contract unit is valued at $25 per index point. The ASX SPI Futures Index is 5800 on 1 March 2019, 6500 on 30 June 2019 and 5500 on 22 September 2019 when the company closes out its position. Required Prepare the entries of Great Adventure Ltd for any financial assets or financial liabilities that arise in each case.