Help Save & Exit Submit 2 Check my werk 5 points Journ Co. purchased short-term investments in avallable-for-sale debt securities at a cost of $50,600 cash on November 25. At December 31, these securities had a fair value of $48,200. This is the first and only time the company has purchased such ecurities. 1. 2. & 3. Prepare the November 25 entry to record the purchase of debt securities, the December 31 year-end adjusting entry for the securities' portfolio, and the April 6 entry when Journ sells 8% of these securities ($4,048 cost) for $7,000 cash. eBook View transaction list Journal entry worksheet Hint 1 2 3 Print Record purchase of available-for-sale securities. References Note: Enter debits before credits. Debit General Journal Credit Date Nov. 25 View general journal Clear entry Record entry