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Problem

Northwest State University had the following account balances as of June 30, 2015. 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).

Required:

Prepare, in good form, a Statement of Net Position for Northwest State University as of June 30, 2015.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92770116

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