Journ Company purchased short-term investments in avallable-for-sale debt securities at a cost of $50,000 cash on Nov At December 31 , these securities had a fair value of $47,000. This is the first and only time the company has purchased securities. 1. 2. \& 3. Prepare the November 25 entry to record the purchase of debt securities, the December 31 year-end adjusting the securities' portfolio, and the April 6 entry when Journ sells 10% of these securities ($5,000 cost) for $6,000 cash. Journal entry worksheet Record sale of 10% of available-for-sale securities. Note: Enter debits before credits