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Record entries for the following transactions for the company's current year. November 1 Purchased debt investments as trading securities at a cost of $150,000.

Record entries for the following transactions for the company's current year. November 1 Purchased debt investments as trading securities at a cost of $150,000. This is the company's first and only purchase of such securities. December 5 Sold a portion of its trading securities (costing $18,000) for $20,000 cash.

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