Journ Company purchased short-term investments in avallable-for-sale debt securities at a cost of $52,300 cash on November 25 . At December 31 , these securities had a fair value of $51,300. 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 9% of these securities ( $4,707 cost) for $6,500 cash. Journal entry worksheet Record purchase of available-for-sale securities. Note: Enter debits before credits. Journ Company purchased short-term investments in avallable-for-sale debt securities at a cost of $52,300 cash on November 25 . At December 31 , these securities had a fair value of $51,300. 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 9% of these securities ( $4,707 cost) for $6,500 cash. Journal entry worksheet Record the year-end adjustment to fair value, if any. Note: Enter debits before credits. Journ Company purchased short-term investments in avallable-for-sale debt securities at a cost of $52,300 cash on November 25 . At December 31 , these securities had a fair value of $51,300. 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 9% of these securities ( $4,707 cost) for $6,500 cash. Journal entry worksheet Record sale of 9% of available-for-sale securities. Note: Enter debits before credits