Journ Co. purchased short-term investments in available-for-sale securities at a cost of $50,000 on November 25, 2015. At December 31, 2015, these securities had a fair value of $47,000. This is the first and only time the company has purchased such securities.

Prepare the December 31, 2015, year-end adjusting entry for the securities' portfolio and the April 6, 2016, entry when Journ sells one-half of these securities for $26,000. (If no entry is required select No journal entry required in the first entry field)