Presented below is the preclosing trial balance for the Scholarship Fund, a private-purpose trust… 1 answer below »

Presented below is the preclosing trial balance for the Scholarship Fund, a private-purpose trust… 1 answer below »

Presented below is the preclosing trial balance for the Scholarship Fund, a private-purpose trust fund, of the Algonquin School District.

Prepare the year-end closing entries and a Statement of Changes in Fiduciary Net Assets for the year ended December 31, 2012.

 

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