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Journ Company purchased short-term investments in available for sale debt securities at a cost of $52,000 cash on November 25. At December 31, these securities
Journ Company purchased short-term investments in available for sale debt securities at a cost of $52,000 cash on November 25. At December 31, these securities had a fair value of $51,000. 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 Journ sells 10% of these securities ($5.200 cost) for $6,900 cash. View transaction list View journal entry worksheet Debit Credit General Journal NO 51 000 Date November 25 51.000 2 1 Debt investments - HTM Cash 7 2 December 31 Unrealized loss - Equity Interest revenue 3 April 06 Cash Debt westments AFS Interest revenue
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