Journ Company purchased short-term investments in available-for-sale debt securities at a cost of $51,300 cash on November 25. At December 31, these securities had a fair value of $49,600. 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 11% of these securities ($5,643 cost) for $6,800 cash. View transaction list Journal entry worksheet 1 2 3 Record purchase of available-for-sale securities. Note: Enter debits before credits. Date November 25 General Journal Debit Credit > Journal entry worksheet 1 2 3 Record the year-end adjustment to fair value, if any. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 Record sale of 11% of available-for-sale securities. Note: Enter debits before credits. Date April 06 General Journal Debit Credit Record entry Clear entry View general journal