The following is a trial balance of the Camping Builds Character Trust Fund of the City of Slusher's Ridge as of January 1, 2026:
						Debit	Credit
	Cash					98,000
	Land					70,000
	Buildings					162,000
	Accumulated Depreciation						65,000
	Accrued wages payable						150
	Accrued taxes payable						1,800
	Net Position--Restricted for Camp Scholarships--Expendable						15,000
	Net Position--Restricted for Endowment--Nonexpendable						248,050
						330,000	330,000
The endowment was in the form of an apartment building. Endowment principal is to be kept intact, and the net earnings are to be used in financing scholarships to not-for-profit organization camps designed to help instill positive character qualities in participants.
The following transactions took place during 2026:
1	Expenses and accrued liabilities paid in cash were as follows:
	Heat, light, and power						5,200
	Janitor's wages (including $150 previously accrued)						3,000
	Painting and decorating						3,750
	Repairs						1,500
	Taxes (including $1,800 previously accrued)						3,750
	Management fees						4,500
	Miscellaneous expenses						1,500
	Total						23,200
2	A land improvement of $2,000 was constructed by an outside contractor who was paid in full.
3	Apartment rents for 2026 (all collected) amounted to $45,000.
4	Camping scholarships of $13,500 were paid to finance 2026 summer camp fees.
5	The following adjustments were made at the end of the year:
	Depreciation						6,000
	Accrued taxes						1,900
	Accrued wages						170
6	The accounts were closed at year end.
Required:
	Journalize all transactions, adjustments, and closing entries required in the Trust Fund for 2026.