Business, 28.07.2020 21:01 zachtsmith2001

Perry County University had the following account balances as of June 30, 2018. Debits are not distinguished from credits, so assume all accounts have a "normal" balance (i. e., cash is a debit and accounts payable a credit). Accounts payable 310,000
Accounts receivable (net) 430,000
Capital assets, net of depreciation 6,200,000
Cash and cash equivalents 75,000
Cash and cash equivalents – restricted (noncurrent) 100,000
Deferred revenue-current 95,000
General obligation bonds payable - current portion (related to capital acquisition)390,000
General obligation bonds payable (related to capital acquisition) 1,700,000
Inventories 620,000
Investments - Endowment 3,000,000
Investments Long-term 1,700,000
Investments Short-term - unrestricted 800,000
Net position-restricted - expendable 1,200,000
Net position - restricted - nonexpendable 3,000,000
Revenue bonds payable (related to capital acquisition)2,000,000
Net position - Unrestricted
Required
Prepare, in good form, a Statement of Net Position for Perry County State University as of June 30, 2018.

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Perry County University had the following account balances as of June 30, 2018. Debits are not disti...

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