On August 15, 2016, Windsor Co. invested idle cash by purchasing a call option on Counting Crows Inc. common shares for $486. The notional value of the call option is 540 shares, and the option price is $54. The option expires on January 31, 2017. The following data are available with respect to the call option.

Date		Market Price of Counting Crows Shares		Time Value of Call Option
September 30, 2016		$65 per share		$243
December 31, 2016		$62 per share		88
January 15, 2017		$63 per share		41

Prepare the journal entries for Windsor for the following dates.

(a)		Investment in call option on Counting Crows shares on August 15, 2016.
(b)		September 30, 2016Windsor prepares financial statements.
(c)		December 31, 2016Windsor prepares financial statements.
(d)		January 15, 2017Windsor settles the call option on the Counting Crows shares.