Ex Question 7, BE19-6 (simil... HW Score: 27.27%, 3 of 11 points O Points: 0 of 1 47 Elgin Limousine Services granted 5.200 options to acquire 5,200 shares of its $2 par value common stock. At the grant date, the fair value of the options is $120,000 and the exercise price per option is $9 each. Prepare the necessary journal entry assuming that all the options granted by Elgin expired and were not exercised by any of the company's employees. (Record debits first, then credits. Exclude explanations from any journal entries.) SER Account Expiration date Get More Help Clear All Check Answer ook Pro do F7 DII FA DO FO 7 F11 001 F10 112 - +