please complete all 3 parts to the question
A-4: Put option On January 1 2022. Rosewood Corp purchased a put option on shares of ICM stock. Terms of the contract were as follows. Number of shares. 100 Strike price: $320 per share Expiration date: May 31, 2022 Total cost of the option contract $90 Seller of the option contract. First Investment Bank On January 1 2022, ICM stock was trading at $320 per share The following additional information is known On March 31, 2022. the price of ICM stock was $280 per share. A market appraisal indicated that the time value of the option contract was $70 On May.10.2022. the price of ICM stock was $285 per share. A market appraisal indicated that the time value of the option contract was $60 On this date, Rosewood settled the option contract Required: 1. Prepare the appropriate journal entry or entries related to transactions occurring in January 2022 through March 2022. of no entry is required for a transaction event, select "No journal entry required in the first account field) 2. Indicate any amounts that Rosewood Corp. would have included in ts March 2022 quarterly financial statements related to the option contract 3. Prepare the appropriate journal entry or entries related to settlement of the option in May 2022 or no entry is required for a transaction event select "No journal entry required in the first accountfield Complete this question by entering your answers in the tabs below. Red R2 Reg Prepare the appropriate journal entry or entries related to transactions occurring in Januar 2022 through March 2022. (If no entry is required for a transaction/event, select "No journal entry required in the first account Red.) View transaction list Journal entry worksheet 1 2. Jan 1, 2022: Record purchase of the option contract Notenter deres Debel 1 Becord Ce R> A-4: Put option On January 1, 2022 Rosewood Corp, purchased a put option on shares of ICM stock. Terms of the contract were as follows Number of shares. 100 Strike price. $320 per share Expiration date May 31 2022 Total cost of the option contract: $90 . Seller of the option contract Past Investment Bank On January 1, 2022, ICM stock was trading at $320 per share The following additional information is known: On March 31, 2022. the price of ICM stock was $280 per share. A market appraisal indicated that the time value of the option contract was $70 On May.10.2022 the price of ICM stock was $285 per share. A market appraisal indicated that the time value of the option contract was $60. On this date. Rosewood settled the option contract Required: 1. Prepare the appropriate journal entry or entries related to transactions occurring in January 2022 through March 2022 fno entry is required for a transaction event, select "No journal entry required in the first account field) 2. Indicate any amounts that Rosewood Corp. would have included in its March 2022 quarterly financial statements related to the option contract 3. Prepare the appropriate journal entry or entries related to settlement of the option in May 2022 Of no entry is required for a transaction event, select "No journal entry required in the first account field) Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg Prepare the appropriate journal entry or entries related to transactions occurring in 2002 through March 2022. (If no entry is required for a transaction/event, select No journal entry required in the first account felt) View transaction list X 1 Jan 1, 2022: Record purchase of the option contract 2. March 31, 2022: Provide any foumal entry needed to update the intrinsic value of the option contract 3 March 31, 2022: Provide any journal entry needed to update the time value of the option contract Cer Note - Journal entry has been entered Record entry Clear entry A-4: Put option . On January 1, 2022, Rosewood Corp. purchased a put option on shares of ICM stock Terms of the contract were as follows: Number of shares: 100 Strike price: $320 per share Expiration date. May 31, 2022 Total cost of the option contract: $90 Seller of the option contract First Investment Bank On January 1, 2022. ICM stock was trading at $320 per share The following additional information is known: On March 31, 2022, the price of ICM stock was $280 per share. A market appraisal indicated that the time value of the option contract was $70 On May 10.2022, the price of ICM stock was $285 per share. A market appraisal indicated that the time value of the option contract was $60. On this date, Rosewood settled the option contract, Required: 1. Prepare the appropriate journal entry or entries related to transactions occurring in January 2022 through March 2022. (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) 2. Indicate any amounts that Rosewood Corp. would have included in its March 2022 quarterly financial statements related to the option contract 3. Prepare the appropriate journal entry or entries related to settlement of the option in May.2022 of no entry is required for a transactionlevent, select "No journal entry required in the first account field) Complete this question by entering your answers in the tabs below. Reg1 Reg 2 Red 3 Indicate any amounts that Rosewood Corp. would have included in its March 2022 quarterly financial statements related to the option contract. Balance Sheet(current assets): Income Statement (partial): Net gain (unrealized, NIX A-4: Put option On January 1, 2022 Rosewood Corp purchased a put option on shares of ICM stock. Terms of the contract were as follows Number of shares. 100 Strike price $320 per share Expiration date: May 31, 2022 Total cost of the option contract $90 Seller of the option contract First Investment Bank On January 1, 2022, ICM stock was trading at $320 per share The following additional information is known . On March 31 2022 the price of ICM stock was $280 per share. A market appraisal indicated that the time value of the option contract was $70 . On May 10.2022 the price of ICM stock was $285 per share. A market appraisal indicated that the time value of the option contract was $60. On this date, Rosewood settled the option contract Required: 1. Prepare the appropriate journal entry or entries related to transactions occurring in January 2022 through March 2022 of no entry is required for a transaction/event, select "No journal entry required in the first account field) 2. Indicate any amounts that Rosewood Corp. would have included in its March 2022 quarterly financial statements related to the option contract 3. Prepare the appropriate journal entry or entries related to settlement of the option in May 2022 if no entry is required for a transaction/event, select "No journal entry required in the first account field) Camplete this question by entering your answers in the tabs below. Real Reg 2 Rega Prepare the appropriate Journal entry of entries related to settlement of the option in May 2022. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list X > 1 May 10, 2022: Provide any Journal entry needed to update the intrinsic value of the option contract. Ic value 2 May 10, 2022: Provide any journal entry needed to update the time value of the option contract 3 May 10, 2022: Provide the journal entry for settlement of the option contract (some cash settlement). Journal entry has been entered Recorder Clearn Vire general purnal
