Journ Co. purchased short-term investments in available-for-sale debt securities at a cost of $51,600 cash on November 25. At December 31, these securities had a fair value of $50,200. 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 10% of these securities ($5,160 cost) for $6,400 cash View transaction list Journal entry worksheet 1 2 3 Record purchase of available-for-sale securities. Note: Enter debits before credits Dato Nov. 25 General Journal Debit Credit Record entry Clear entry View general Journal