On August $1,2023,$ JBD Ltd$.$ purchased a call option from DDR Investments Corporation. The option gave JBD the right to buy $20,000$ shares in a third company, MGL Ltd$.,$ at a price of $\backslash (\backslash$$ $21\mathrm{.}50\backslash )$ per share. On the day JBD purchased the option, MGL shares were trading at $\backslash (\backslash$$ $21\mathrm{.}50\backslash )$ each. JBD paid $\backslash (\backslash$$ $600\backslash )$ for the options. On August $31,2023,$ the MGL shares were trading at $\backslash (\backslash$$ $23\mathrm{.}25\backslash )$ each, and the options for MGL shares were trading at $\backslash (\backslash$$ $35,600\backslash ).$ On September $15,$ JBD settled the options in cash when the MGL shares were trading at $\backslash (\backslash$$ $24\mathrm{.}50\backslash )$ and the options were trading at $\backslash (\backslash$$ $60,000\backslash ).($b$)$ Prepare the journal entries to record the above transactions. $($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. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$ Date Account Titles and Explanation Debit Credit $\backslash (\backslash$qquad $\backslash )\backslash (\backslash$square $\backslash )\backslash (\backslash$square $\backslash )\backslash (\backslash$square $\backslash )\backslash (\backslash$square $\backslash )\backslash (\backslash$square $\backslash )\backslash (\backslash$qquad $\backslash )\backslash (\backslash$square $\backslash )\backslash (\backslash$square $\backslash )\backslash (\backslash$square $\backslash )\backslash (\backslash$square $\backslash )\backslash (\backslash$square $\backslash )\backslash (\backslash$square $\backslash )\backslash (\backslash$square $\backslash )($To record the change in value of the option.$)\backslash (\backslash$square $\backslash )\backslash (\backslash$square $\backslash )($To record the settlement of the option.$)$ Attempts: $0$ of $1$ used