Question: Please do requirement A through C A citizen group raised funds to establish an endowment for the Eastville City Library. Under the terms of the

Please do requirement A through C

Please do requirement A through C A citizen group
A citizen group raised funds to establish an endowment for the Eastville City Library. Under the terms of the trust agreement, the principal must be maintained, but the earnings of the fund are to be used to purchase database and periodical subscriptions for the library. A preclosing trial balance of the library permanent fund follows: Trial Balance 2024 Debits Credits Cash $15,580 Investments 546,080 Additions to permanent endowments $531, 090 Investment income 69, 680 Expenditures Library 53, 580 Net increase in fair value of investments 15, 608 Accrued interest receivable Accounts payable $629, 580 $620, 508 Required: s. Prepare any closing entries necessary at year-end. 5. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the library permanent fund. . Prepare a balance sheet for the Library Permanent Fund (Use Restricted to Library for any spendable fund balance). Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare any closing entries necessary at year end. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. View transaction list Journal entry worksheet Record the closing entry to transfer revenue and expenditure to fund balance. Notes Enter debals before credits. Event General Journal Debit Credit Record entry Clear entry View general journal

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