Joum Co. purchased short-term Investments in available-for-sale debt securities at a cost of $50,200 cash on November 25. At December 31, these securities had a fair value of $47,400. This is the first and only time the company has purchased such securities. 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 ($4.016 cost for $6.700 cash. View transaction Mat Journal entry worksheet