The City of Monroe Scholarship Foundation privatepurpose trust fund had the following account balances on January 1, 215: Debits Credits Cash .................................. s assoc: Accrued Interest Receivable .................. 1501.} Investments in Corporate Bonds .......... T'S NetAssets Held iuTrust . . . . . .... 33 ED? D Totals .................................. $ aorooa $ aor,ooo Required: a. Open a general journal for the City of Monroe Community Foundation Trust Fund and record the following transactions for the year ending December 31, 21315: {1) On May 1, the first semiannual interest payment was received on the corporate bonds. The bonds pay 6 percent annual interest, semianrruallyr on May 1 and November 1. [2] During the first half of the year, additional contributions from individuals and foundations amounted to $2,026, in cash. From these funds, $ 2,l] were invested in EST Corporation stock on June 15. [3] On November 1, the second semiannual interest payment was received from the invesm'rent in bonds. [4] Do November 15, a dividend was declared by RST Corporation in the amount of $4, and was received in cash. [5] Dn December 1, EST Corporation stock was sold for $23,5{1[} cash. Those funds were immediately invested in W Corporation stock. {5] Dn December 15, cash scholarships in the amount of $5, were made to various college students. {F} Du December 31, an accrual was made for yearend interest on the corporate bonds. [8] Also, on December 31, it was determined that the market value of the corporate bonds, exclusive of accrued interest, was $ FEE-2,1612] and that the market value of W Company stock was 3': 199,{]. b. Post the entries to the Community Foundation Trust ledger [ftaccounts}. c. Prepare and post an entry closing all nominal accounts to Net Assets