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HTK Corp. purchased a put option on Mikio common shares on July 7,2020 , for $510. The put option is for 350 shares, and the

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HTK Corp. purchased a put option on Mikio common shares on July 7,2020 , for $510. The put option is for 350 shares, and the strike price is $50. The option expires on January 31,2021 . The following data are avallable with respect to the put option: Prepare the journal entries for Brandon Corp. for the following dates: a. July 7, 2020: Invests in put option on Mikio shares. b. September 30, 2020: Brandon prepares financial statements. c. December 31, 2020: Brandon prepares financial statements. d. January 31, 2021: put option expires

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