Northwest State University had the following account balances as of June 30,2012.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 Assets for Northwest State University as of June 30,2012.

Question

Northwest State University had the following account balances as of June 30,2012.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 Assets for Northwest State University as of June 30,2012.

Quizplus · Accepted Answer

The Answer of Northwest State University had the following account balances as of June 30,2012.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 Assets for Northwest State University as of June 30,2012.

Northwest State University Had the Following Account Balances as of June