Please complete all 3 sections, this question has been posted many times and never answered correctly, these are the only journal entries available to use No journal entry required Accounts payable Accounts receivable Accumulated depreciation Advertising expense Allowance for credit losses Allowance for uncollectible accounts Bad debt expense Bonds payable Building Call option Cash Cash surrender value of life insurance Common stock Cost of goods sold Deferred revenue Depreciation expense Discount on bonds payable Dividend revenue Dividends Equipment Fair value adjustment Furniture and fixtures Futures contract Gain on investment (unrealized, NI) Gain on investment (unrealized, OCI) Gain on settlement of call option Gain on settlement of put option Income summary Income tax expense Income tax payable Insurance expense Interest expense Interest payable Interest rate swap Interest receivable Interest revenue Inventory Investment in bonds Investment in equity securities Investment revenue Land Loss on investment (unrealized, NI) Loss on investment (unrealized, OCI) Loss on settlement of call option Loss on settlement of put option Maintenance expense Miscellaneous expense Notes payable Notes receivable Premium on bonds payable Prepaid advertising Prepaid insurance Prepaid rent Put option Reclassification adjustmentOCI Rent expense Retained earnings Salaries and wages expense Salaries and wages payable Sales revenue Service revenue Supplies Supplies expense Utilities expense Utilities payable Indicate any amounts that Rose wood corp would have included in its March 2022 quarterly financial statements related to the option contract Prepare the appropriate journal entry or entries related to transac no entry is required for a transaction event, select No journal ent Jan 1, 2022 Record purchase of the option contract March 31, 2022 Provide any journal entry needed to update the intrinsic value of the option contract March 31, 2022 Provide any journal entry needed to update the time value of the option contract Prepare the appropriate journal entry or entries related to settlem for a transaction event, select No journal entry required in the fi 1 May 10, 2022 Provide any joumal entry needed to update the intrinsic value of the option contract 2 May 10, 2022 Provide any joumal 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 (assume cash settlement)

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Please complete all 3 sections, this question has been posted many times and never answered correctly, these are the only journal entries available to use

Please complete all 3 sections, this question has been posted many times and never answered correctly, these are the only journal entries available to use

No journal entry required
Accounts payable
Accounts receivable
Accumulated depreciation
Advertising expense
Allowance for credit losses
Allowance for uncollectible accounts
Bad debt expense
Bonds payable
Building
Call option
Cash
Cash surrender value of life insurance
Common stock
Cost of goods sold
Deferred revenue
Depreciation expense
Discount on bonds payable
Dividend revenue
Dividends
Equipment
Fair value adjustment
Furniture and fixtures
Futures contract
Gain on investment (unrealized, NI)
Gain on investment (unrealized, OCI)
Gain on settlement of call option
Gain on settlement of put option
Income summary
Income tax expense
Income tax payable
Insurance expense
Interest expense
Interest payable
Interest rate swap
Interest receivable
Interest revenue
Inventory
Investment in bonds
Investment in equity securities
Investment revenue
Land
Loss on investment (unrealized, NI)
Loss on investment (unrealized, OCI)
Loss on settlement of call option
Loss on settlement of put option
Maintenance expense
Miscellaneous expense
Notes payable
Notes receivable
Premium on bonds payable
Prepaid advertising
Prepaid insurance
Prepaid rent
Put option
Reclassification adjustmentOCI
Rent expense
Retained earnings
Salaries and wages expense
Salaries and wages payable
Sales revenue
Service revenue
Supplies
Supplies expense
Utilities expense
Utilities payable

Indicate any amounts that Rose wood corp. would have included in its March 2022 quarterly financial statements related to the option contract. Prepare the appropriate journal entry or entries related to transac no entry is required for a transaction/event, select "No journal ent Jan. 1, 2022: Record purchase of the option contract. March 31, 2022: Provide any journal entry needed to update the intrinsic value of the option contract. March 31, 2022: Provide any journal entry needed to update the time value of the option contract. Prepare the appropriate journal entry or entries related to settlem for a transaction/event, select "No journal entry required" in the fi 1 May 10, 2022: Provide any joumal entry needed to update the intrinsic value of the option contract. 2 May 10, 2022: Provide any joumal 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 (assume cash settlement)