Assignment AKL 2 Prayogo Prima 1406574711

Exercise Part B - Futures Contract

Date Account Amount

April 1 Dr Margin Deposit 510,000

Cr Cash 510,000

To record payment of margin deposit 10% x 5,100,000

June 30 Dr Futures Contract 50,000

Cr Gain on Futures Contract 50,000

To record settlement or change in fair value (515-510) x 100 x 100

September Dr Futures Contract 30,000

30
Cr Gain on Futures Contract 30,000

To record settlement or change in fair value (518-515) x 100 x 100

December Dr Cash 70,000

30
Dr Loss on futures contract 1,000

Cr Futures Contract 1,000

Cr Margin Deposit 70,000

To record change in fair value and return of margin (508-515) x 100 x 100

Dr Gold 530,000

Dr Futures Contract 20,000

Cr Cash 510,000

To record settlement and close futures contract **(508 - 510) x 100 x 100
Exercise Part A - Put Option

Date Account Amount

30 Nox Dr Put Option 500

20X1
Cr Cash 500

To record payment of premium $0.5 x 1,000

June 30 Dr Put Option 500

20X2
Cr Gain on Option Contract 500

To record change in intrinsic value 0,5 x 1000

June 30 Dr Put Option 200

20X2
Cr Gain on Option Contract 200

To record change in time value 0.2 x 1000

July 31 Dr Put Option 1000

20X2
Cr Gain on Option Contract 1000

To record change in intrinsic value 1 x 1000

July 31 -
20X2