Private Purpose Trust Fund Transactions The City of Monroe Scholarship foundation private-purpose trust fund had the following account balances on January 1, 2015: Debits Credits Cash $49, 500 Accrued Interest Receivable..7, 500 Investments in Corporate Bonds 750,000 Net Assets Held in Trust $807,000 Totals $807,000 $807,000 On May 1, the first semiannual interest payment was received on the corporate bonds. The bonds pay 6 percent annual interest, semiannually on May 1 and November 1. During the first half of the year, additional contributions from individuals and foundations amounted to $206, 026, in cash. From these funds. $ 200,000 were invested in RST Corporation stock on June 15. On November 1, the second semiannual interest payment was received from the investment in bonds. On November 15, a dividend was declared by RST Corporation in the amount of $4,000 and was received in cash. On December 1, RST Corporation stock was sold for $203, 500 cash. Those funds were immediately invested in UVW Corporation stock. On December 15, cash scholarships in the amount of $50,000 were made to various college students. On December 31, an accrual was made for year-end interest on the corporate bonds. Also, on December 31, it w as determined that the market value of the corporate bonds, exclusive of accrued interest, was $752, 100 and that the market value of UVW Company stock was $ 199,000. Post the entries to the Community Foundation Trust ledger (t-accounts). Prepare and post an entry closing all nominal accounts to Net Assets