Question: Using the data in Problem 19-8 and the following additional information, prepare a statement of financial position for Excel Private College. Debit Credit 255,000 625,000

Using the data in Problem 19-8 and the following additional information, prepare a statement of financial position for Excel Private College.

Debit Credit 255,000 625,000 185,000 175,000 300,000 Accounts Receivable (net) 1,450,000 Accounts Payable .. 120,000 250,000 660,000 100,000 Long-Term Debt

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