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On August 15, 2019. Carla Co. invested idle cash by purchasing a call option on Counting Crows Inc. common shares for $ 378. The notional

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On August 15, 2019. Carla Co. invested idle cash by purchasing a call option on Counting Crows Inc. common shares for $ 378. The notional value of the call option is 420 shares, and the option price is $42. The option expires on January 31, 2020. 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, 2019 $50 per share $ 189 $ 48 per share 68 December 31, 2019 January 15, 2020 $ 49 per share 32 Prepare the journal entries for Carla for the following dates (a (b) Investment in call option on Counting Crows shares on August 15 2019 September 30, 2019 - Carta prepares financial statements December 31, 2019-Carla prepares financial statements January 15,2020- Cartasettles the call option on the counting Crows shares Id (d) Credit account titles are automatically indented when amount henteredDo not indent manually no entry required, select "No Entry Yon the accountides and enter for the amounts) Date Account Titles and Explanation Debit Credit 301 CallOption coth 30, 2019 Call Option Unrealized Holding Gain or Loss -Income (To record the change in intrinsic value.) Unrealized Holding Gain or Loss -Income Call Option (To record the time value change.) 31, 2019 Unrealized Holding Gain or Loss -Income 840 Call Option (To record the change in intrinsic value.) Unrealized Holding Gain or Loss-Income 123 TDLOU Cal Option 12 (To record the time value change) 52020 Uhreated Holding Galor Lost Income Call Option To record the time value change) ch dan area 1 Option Calotion

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