Journ Co. purchased short-term investments in available-for-sale debt securities at a cost of $51,700 cash on November 25. At December 31, these securities had a fair value of $50,400. This is the first and only time the company has purchased such securities.   1. 2. & 3. Prepare the November 25 entry to record the purchase of debt securities, the December 31 year-end adjusting entry for the securities' portfolio, and the April 6 entry when Journ sells 11% of these securities ($5,687 cost) for $6,700 cash. Record purchase of available-for-sale securities.       Date General Journal Debit Credit Nov. 25                                           Record the year-end adjustment to fair value, if any. Note: Enter debits before credits.         Date General Journal Debit Credit Dec. 31                                               Record sale of 11% of available-for-sale securities. Note: Enter debits before credits.         Date General Journal Debit Credit Apr. 6

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