Investment in Debt and Equity Securities Andrews, Inc., purchased the following securities during 2009:

During 2009, Andrews received interest of $1,400 and dividends of $600 on its investments.
On September 29, 2009, Andrews sold one-half of Security 1 for $1,600. On December 31, 2009, the portfolio of securities had the following fair market values:

Andrews had no balance in its market adjustment accounts at the beginning of the year.
Prepare the journal entries required to record the purchase of the securities, the receipt of interest and dividends, the sale of securities, and the adjustments required at year-end.

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Security Classification Cost 1 Debt Trading $ 2,400 234 10 Equity Trading 3,500 5 Debt Equity Debt Available-for-sale 4,200 Available-for-sale 1,800 Held-to-maturity 11,000