Problem 17-12 The treasurer of Splish Co. has read on the Internet that the stock price of Wade Inc. is about to take off. In order to profit from this potential development, Splish Co. purchased a call option on Wade common shares on July 7, 2017, for $237. The call option is for 208 shares (notional value), and the strike price is $69. (The market price of a share of Wade stock on that date is $69.) The option expires on January 31, 2018. The following data are available with respect to the call option. Market Price of Wade Shares $77 per share 75 per share 76 per share Date Time Value of Call Option $189 September 30, 2017 December 31, 2017 January 4, 2018 31 Prepare the journal entries for Splish Co. for the following dates. (a) July 7, 2017-Investment in call option on Wade shares (b) September 30, 2017-Splish prepares financial statements. (c) December 31, 2017-Splish prepares financial statements. (d) January 4, 2018-Splish settles the call option on the Wade 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 enter 0 for the amounts.) No. Date Account Titles and Explanation Debit Credit