Kirkland Company had no trading debt securities prior to this year. It had the following transactions this year involving trading debt securities Aug 2 Purchased Verizon bonds for $44,000. Sept. 7 Purchased Apple bonds for $69,000. 12 Purchased Mastercard bonds for $54,000. Oct. 21 Sold some of its Verizon bonds that had cost $3,700 for $3,000 cash. 23 Sold sone of its Apple bonds that had cost $49,000 for $49,400 cash. Nov. 1 Purchased Walmart bonds for $74,000. Dec. 10 Sold all of its Mastercard bonds for $52,000 cash. Required 1. Prepare journal entries to record these transactions. 2. Prepare a table to compare the year-end cost and fair values of its trading debt securities. Year-end fair values: Verizon, $42,500, 3. Prepare the adjusting entry to record the year-end Tir value adjustment for the portfolio of trading debt securitles. Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Prepare Journal entries to record these transactions. View transaction ist Journal entry worksheet 1 2 3 5 6 7 > Required 1 Required 2 Required 3 Prepare journal entries to record these transactions. View transaction fist Journal entry worksheet Required 1 Required 2 Required 3 Prepare the adjusting entry to record the year-end fair value adjustment for the portfolio of trading debt securities. View transaction list Journal entry worksheet 1 Record the year-end adjustment to fair value, if any. Note: Enter debita before credits Account Title Date Dec 1 Debit Credit