private college statement of financial position and the following additional informa 615209
Private college, statement of financial position. and the following additional information, prepare a statement of financial position for Park Private College.
Debit |
Credit |
|
Cash |
275,000 |
|
Accounts Receivable (net) |
625,000 |
|
Contributions Receivable |
85,000 |
|
Inventory of Supplies |
55,000 |
|
Student Loans Receivable |
300,000 |
|
Land, Buildings, and Equipment (net) |
1,000,000 |
|
Long-Term Investments |
3,025,000 |
|
Accounts Payable |
220,000 |
|
Amounts Held on Behalf of Others |
250,000 |
|
Long-Term Debt |
560,000 |
|
US Government Grants Refundable |
100,000 |