Eastern State University, a Public University, Had the Following Account
Question 108
Question 108
Essay
Eastern State University, a public university, had the following account balances as of June 30, 2017. 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 Accounts receivable net) Capital assets, net of depreciation Cash ard cash equivalents Cash and cash equivalents - restricted noncurrent) Deferred revenue-current General obligation bonds payable - current portion related to capital acquisition) General obligation bonds payable related to capital acquisition) Irvertories Irvestments - Endownent Irvestments Long-term Irvestments Short-term -urirestricted Net Position–restricted-expendable Net Position–restricted-nonexpendable Revenue bonds payable related to capital acquisition) Net Position 535,000435,0007,410,000215,000240,000325,000390,0002,500,000700,0004,200,0001,500,000900,0001,300,0004,440,0002,900,000????????? Required: Prepare, in good form, a Statement of Net Position for Eastern State University as of June 30, 2017.
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