Wildhorse Corp. purchased a put option on Mykia common shares on July 7, 2020, for $470. The put option is for 350 shares, and the strike price is $48. The option expires on January 31, 2021. The following data are available with respect to the put option: Date Sept. 30, Fair Value of Option $225 Market Price of Mykia Shares $56 per share 2020 Dec. 31, 2020 $102 $58 per share Jan. 31, 2021 $0 $62 per share Prepare the journal entry for Wildhorse Corp. for July 7, 2020: Invests in put option on Mykia shares. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit July 7, Put 470 2020 Cash 470 4 eTextbook and Media Assistance Used List of Accounts Prepare the journal entry for Wildhorse Corp. for September 30, 2020: Wildhorse prepares financial statements. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Date September 30, 2020 Unrealized Holding Gain-Futures Contract 245 4 eTextbook and Media Assistance Used List of Accounts Prepare the journal entry for Wildhorse Corp. for December 31, 2020: Wildhorse prepares financial statements. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation Debit Credit Date December 31, 2020 Unrealized Gain or Loss 123 4 eTextbook and Media List of Accounts Prepare the journal entry for Wildhorse Corp. for January 31, 2021: Put option expires. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation Debit Credit January 102 31, 2021 eTextbook and Media List of Accounts 10