On August $15,2024,$ Outkast Co$.$ invested idle cash by purchasing a call option on Counting Crows Inc. common shares for $$396$ The notional value of the call option is $420$ shares, and the option price is $$84$ The option expires on January $31,2025.$ The following data are available with respect to the call option.

Prapare tha journal antries for Windsor Ca$.$ for the fallowing dates.

$($a$)$ January $7,2025-$Invastment in put option on Echoshares.

$($b$)$ March $31,2025-$Windsor praparas financial statamants.

$($c$)$ June $30,2025-$Windsor praparas financial statements.

$($d$)$ July $6,2025-$Windeor sattles the put option on the Echo shares.

$($List all debit entries before credit entries. 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.$)$

Account Titles and Explanation

Put Qetion

Gash

Unraliasd Haiding Geliner Lass$-$Insoms

$($To record the change in intrinsic value.$)$

Put Opetan

$($To record the time value change.$)$

Put Ogelon

$($To record the change in intrinsic value.$)$

Unrealind Halding Gainer Leas $-$ Incomes

$($To record the time value change.$)$

Unralliad Hoiding Gainor Loas$-$inooms

Put Qyeton

$($To record the change in intrinsic value.$)$

$($To record the time value change.$)$

Gain on Setticmentant of Put Option

Credit

$1690$

$1690$

$840$

$840$

$98$