Kirkland Company had no trading debt securitles prior to this year. It had the following transactions this year Involving trading debt securltles. August 2 Purchased Verizon bonds for $34,. September 7 Purchased Apple bonds for $59,0. September 12 Purchased Mastercard bonds for $44,. October 21 sold some of its Verizon bonds that had cost $3,29 for $3,36 cash. October 23 sold some of its Apple bonds that had cost $39, ee for $39,46 cash. November 1 Purchased Walmart bonds for $64,. December 10 sold all of its Mastercard bonds for $42, cash. Requlred: 1. Prepare journal entrles to record these transactions. 2. Prepare a table to compare the year-end cost and fair values of its trading debt securitles. Year-end falr values: Verizon, $32,500; Apple, $34,000; and Walmart, $51,000. 3. Prepare the adjusting entry to record the year-end falr value adjustment for the portfollo of tradling debt securities. Complete this question by entering your answers in the tabs below. Prepare journal entries to record these transactions. Prepare a table to compare the year-end cost and fair values of its trading debt securities. Year-end fair values: Verizon, $32,500; Apple, $34,000; and Walmart, $51,000. repare the adjusting entry to record the year-end fair value adjustment for the portfolio of trading debt securities. Journal entry worksheet Record the year-end adjustment to fair value, if any. Note: Enter debits before credits