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7-5. Presented below is the preclosing trial balance for the Scholarship Fund, a private-purpose trust fund of the Algonquin School District. Prepare the year-end closing

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7-5. Presented below is the preclosing trial balance for the Scholarship Fund, a private-purpose trust fund of the Algonquin School District. Prepare the year-end closing entries and a Statement of Changes in Fiduciary Net Position for the year ended December 31, 2020

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