Journ Co. purchased short-term investments in available-for-sale debt securities at a cost of $52,200 cash on November 25. At December 31, these securities had a fair value of $51,200. 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 8% of these securities ($4,176 cost) for $5,600 cash.