Journ Co purchased short-term investments in available-for-sale debt securities at a cost of $51,000 cash on November 25. At December 31, these securities had a fair value of $49,000. 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 Jour sells 8% of these securities (54,080 cost) for $6,000 cash