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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

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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 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. (If no entry is required for a trancactiongevent, select "No foumal entry Required in the first account field

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