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If you can do both the general journal entries and the statement of changes that would be great Presented below is the preclosing trial balance
If you can do both the general journal entries and the statement of changes that would be great
Presented below is the preclosing trial balance for the Scholarship Fund, a private-purpose trust fund of the Algonquin School District. 2 10 points Trial Balance-December 31, 2020 Accounts Payable Accrued Interest Receivable Administrative Expense Cash Increase in Fair Value of Investments Distributions-Scholarships Interest Income Investment in Bonds Net Position: Restricted for Scholarships Debits Credits $ 3,800 $ 1,830 8, 380 69,890 6,300 85,000 100,000 1,609,000 1,664,000 $1,774,100 $1,774,100 Skipped eBook Required: Prepare the year-end closing entries and a Statement of Changes in Fiduciary Net Position for the year ended December 31, 2020. Ask Complete this question by entering your answers in the tabs below. References General Journal 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.) View transaction list Journal entry worksheet Record the year-end closing entry for the fund. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general Journal Conoral Journal Statement of Changes >Step by Step Solution
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