Journ Company purchased short-term Investments in avallable-for-sale debt securttes at a cost of $51,200 cash on November 25 At December 31, these securitles had a falr value of $49,400. This is the first and only time the company has purchased such securttes. 1. 2. \& 3. Prepare the November 25 entry to record the purchase of debt securttes, the December 31 year-end adjusting entry for the securitles' portfolio, and the April 6 entry when Journ sells 10% of these securties ( $5,120 cost) for $6,500 cash. Journal entry worksheet 3 Record purchase of available-for-sale securities