undefinedWhy is it debited equity investments and not available-for-sale debt investment?

Requirement 1. Journalize Top Team's investment transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.) Jan. 14: Purchased 1,000 shares of Voltexar stock, paying $49 per share. The investment represents 2% ownership in Voltexar's voting stock. Top Team does not have significant influence over Voltexar. Top Team intends to hold the investment for the indefinite future. Date Accounts Debit Credit Jan. 14 Equity Investments 49,000 Cash 49,000