Answer and Explanation:
The Preparation a Statement of Net Position for Perry County State University as of June 30, 2018 is shown below:-
<u>Perry County University</u>
<u>Statement of Net position</u>
<u>For the year June 30, 2018</u>
<u>Particulars Amount</u>
Assets
Current assets
Cash and Cash equivalents
Short-term investment $75,000
Account receivable $430,000
Net inventories $630,000
Total current assets $1,925,000
Non current assets
Restricted Cash and cash equivalents $100,000
Long term investments $1,700,000
Endowment investment $3,000,000
Capital assets $6,200,000
Total non current assets $11,000,000
Total assets $12,925,000
Liabilities
Current liabilities
Accounts payable $310,000
Deferred revenue $95,000
General obligation bonds payable-
Current position $390,000
