On March 23, 2016, Financial Services Ltd. purchased 8 call options on Segura Corporation's common shares for $210 each. One call option is for 208 shares, and the strike price is $67. On January 13, 2017 the option expires. The fair value of the call options, and the corresponding market price of Segura Corporation's shares is as follows:

Date	Fair value of option	Market price of Segura Corporation's shares
September 30, 2016	$650	$76
December 31, 2016	$875	$81
January 13, 2017	$415	$72

Financial Services Ltd. has a December 31 year-end. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). Please make sure your final answer(s) are accurate to 2 decimal places. a) Record the purchase of the call options.

General JournalPage G1DateAccount/ExplanationPRDebitCredit23/Mar

Common shares

1,680

Cash

1,680

a

b) Record the adjustment to the derivative before third quarter statements are prepared.

General JournalPage G6DateAccount/ExplanationPRDebitCredit30/Sep

c) Record the adjustment to the derivative before year-end statements are prepared.

General JournalPage G9DateAccount/ExplanationPRDebitCredit

Cash

d) Record the settlement of the call option net on the Segura Corporation's shares.