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please help me with this problem. Your answer is partially correct. Try again Windsor Co. purchased a put option on Eche common shares on January
please help me with this problem. Your answer is partially correct. Try again Windsor Co. purchased a put option on Eche common shares on January 7, 2020, for $328. The put option is for 420 shares, and the strike price is $85 (which equals the price of an Echo share on the purchase date). The option expires on July 31, 2020. The following data are available with respect to the put option Date Market Price of Echo Shares Time Value of Put Option March 31, 2020 $80 per share $181 June 30, 2020 82 per share 96 July 6, 2020 77 per share 27 Prepare the Journal entries for Windsor Co. for the following dates. (a) January 7, 2020-Investment input option on the shares. (b) March 31, 2020-Windsor prepares financial statements (c) June 30, 2020-Windsor prepares financial statements. (d) July 6, 2020-Windsor settles the put option on the Echo shares (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and eviter o for the amounts) No. Date Account Titles and Explanation Debit Credit (a) 7.2020 Put Option 328 Cash 328 (bar,200 put Option 2100 CALCULATOR FULL SCREEN No. Date Account Titles and Explanation Debit Credit (a) Jan 7, 2020 Put Option 328 Cash 328 (6) Mar 31, 2020 Put Option 2100 Unrealized Holding Gair (To record the change in intrinsic value.) 2100 Unrealized Holding Gain of 147 147 Put Option (To record the time value change.) Unrealized Holding Gain of (c) June 30, 2020 1260 Put Option (To record the change in intrins value) 1260 Unrealized Holding Gain of Put Option (To record the time value change) 85 () Tul.6.2020 Put Option 2624 o June 30, 2020 Unrealized Holding Gain of CALCULATOR FULL SCREEN PRINT 1260 Put Option (To record the change in intrinsic value.) 1260 Unrealized Holding Gain or 85 Put Option (To record the time value change.) 85 (0) Jul 6, 2020 Put Option 2624 Unrealized Holding Gair (To record the change in intrinsic value) 2624 Unrealized Holding Gain or 64 Put Option (To record the time value change) 69 Cash 2624 Loss on Settlement of F 1210 1414 Put Option (To record settlement of put option.)
please help me with this problem.
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