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Presented below is the preclosing trial balance for the Scholarship Fund, a private-purpose trust fund of the Algonquin School District. Required: Prepare the year-end closing
Presented below is the preclosing trial balance for the Scholarship Fund, a private-purpose trust fund of the Algonquin School District. Required: Prepare the year-end closing entries and a Statement of Changes, in Fiduciary Net Position for the year ended December 31,2020. Complete this question by entering your answers in the tabs below. Prepare the year-end closing entries. (It no entry is required for a transactionyisvent, select "No Journal Entry Required" in the first. account field.) Journal entry worksheet 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 Complete this question by entering your answers in the tabs below. Prepare the Statement of Changes in Fiduciary Net Position for the year ended December 31, 2020
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