Business, 30.10.2019 22:31 StupidBoy

Presented below is the preclosing trial balance for the scholarship fund, a private-purpose trust fund of the algonquin school district. trial balance—december 31, 2017 debits credits accounts payable $ 2,700 accrued interest receivable $ 1,090 administrative expense 6,460 cash 55,950 increase in fair value of investments 4,800 distributions—scholarships 66,000 interest income 77,000 investment in bonds 1,300,000 net position—restricted for scholarships 1,345,000 $ 1,429,500 $ 1,429,500

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Presented below is the preclosing trial balance for the scholarship fund, a private-purpose trust fu...