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Journ Co. purchased short-term investments in available-for-sale debt securities at a cost of $50,800 cash on November 25. At December 31, these securities had a

Journ Co. purchased short-term investments in available-for-sale debt securities at a cost of $50,800 cash on November 25. At December 31, these securities had a fair value of $48,600. This is the first and only time the company has purchased such securities.

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