QS 15-7 Available-for-sale securities LO P3 Journ Co purchased short-term investments in available for sale securities at a cost of $68,000 on November 25, 2017. At December 31, 2017, these securitles had a fair value of $63,200. This is the first and only time the company has purchased such securities. 1.8 3. Prepare the December 31, 2017 year-end adjusting entry for the securities portfolio and the April 6, 2018, entry when Joum sells one-half of these securities for $35,360 View transaction list Journal entry worksheet 1 2 Record the fair vale adjustment for the securities at December 31, 2017. Note Enter debits before credits General Journal Dato Dec 31, 2016 Debit Credit Record entry Clear entry View general Journal