Journal entries for a Private-Purpose Trust Fund Record the following journal entries in the Children's Book Fund, a city's Private-Purpose Trust Fund that supplies books for children in nongovernmental nonprofit women's shelters. 1. A citizen establishes a trust fund, which is a fiduciary component unit of the city, with a $1,300,000 donation. The trust specified that this money was to be used to acquire children's books for local nonprofit women's shelters. 2. The fund invested $1,092,000 in CDs. 3. Books costing $117,000 were acquired. 4. Interest income of $52,000 was received in cash from the CDs. 5. The accounts were closed for the year. Prepare journal entries for the above listed transactions and events. If an entry affects more than one debit or credit account, enter the accounts in order of magnitude (largest to smallest balances), debits first