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will someone please help me and please shiw formulas P 17-13 (Derivative Financial Instrument) The treasurer of Miller Co. has read on the Internet that

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P 17-13 (Derivative Financial Instrument) The treasurer of Miller Co. has read on the Internet that the stock price of Wade Inc is about to take off. Iin order to profit from this potential developm Miller Co. purchased a call option on Wade common shares on July 7, 2014, for The call shares (notional value), and the strike price is for (The market price of a share of Wade stock on that date is 70.00 ) The option expires on January 31, 2015. The following data are available with the callo Market Price of Wade Shares Time Value of Call Option ecember 31. 2014 $75.00 76.00 share (a) Prepare the journal entry for Miller Co. for July 7, 2014-Investment in call option on Wade shares Jul 7, 14 nt title (b) Prepare the journal entry for Miller Co. for September 30, 2014-Miller prepares financial statements Sep 30, 14 Account title Sep 30, 14 Amount Amount title (c) Prepare the journal entry for Miller Co. for December 31, 201Miner prepares financial statements Dec 31, 14 nt title Amount Dec 31, 14 Amount (d) Prepare the journal entry for Miller Co. for January 4, 2015 Miller settles the call option on the Wade shares. nt Jan 4, 15 Account title Amount Jan 4, 15 Amount Amount Jan 4, 15 Account title Amount

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