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Share Options - 6 Marks On 23 April 2021, North Ltd bought 150,000 exchange-traded call options in South Ltd with a maturity date of 30
Share Options - 6 Marks On 23 April 2021, North Ltd bought 150,000 exchange-traded call options in South Ltd with a maturity date of 30 September 2021 and an exercise price of $29 per option. The purchase price was $1.80 per option. On 30 June 2021, the fair value of the options was $2.00 per option. On 30 September 2021, the market price per share was $27. Required: Provide the accounting journal entries for North Ltd in relation to the share options. Show your calculations. A B 1 e $$ ! Enter your answers into the Journal Template below. Show workings at the bottom of the Journal where provided: Date Details Debit Credit
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