a$.$ Prepare the journal entries, closing entries, and a Statement of Revenues, Expenses, and Changes in Fund Net Position assuming the City intends to treat the summer camp program as an enterprise fund.

b$.$ Prepare the journal entries, closing entries, and a Statement of Revenues, Expenditures, and Changes in Fund Balance assuming the City intends to treat the summer camp program as a special revenue fund.

Presented below is the preclosing trlal balance for the Scholarship Fund, a private$-$purpose trust fund of the Algonquin School District.

Requlred:

Prepare the year$-$end closing entries and a Statement of Changes In Fiduclary Net Position for the year ended December $31,2020.$

Complete this question by entering your answers in the tabs below.

Statement of

Changes

Prepare the year$-$end closing entries. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first

account field.$)$

Journal entry worksheet

$1$

Record the year$-$end closing entry for the fund.

Note: Enter debits before credits. Requlred:

Prepare the year$-$end closing entries and a Statement of Changes In FIduclary Net Position for the year ended December $31,2020.$

Complete this question by entering your answers in the tabs below.

General

Statement of Journal

Changes

Prepare the Statement of Changes in Fiduciary Net Position for the year ended December $31,2020.$

$\backslash$table$[[$ALGONQUIN SCHOOL DISTRICT,,$],[$Statement of Changes in Fiduciary Net Position,,$],[$For the Year Ended December $31,2020,,],[$Additions:$,,],[$Investment Earnings:,,$],[,,],[,,],[,,],[$Total Additions,,$],[$Deductions:$,,],[,,],[,,],[,,],[$Total Deductions,,$],[$Change in Fiduciary Net Position,,$],[,,],[,,]]$