Question

The bookkeeper of Outdoor Life Landscaping prepared the company’s balance sheet while the accountant was ill. The balance sheet contains numerous errors. In particular, the bookkeeper knew that the balance sheet should balance, so he plugged in the retained earnings amount needed to achieve this balance. The retained earnings is incorrect. All other amounts are right, but some are out of place or not included on this statement. Prepare a corrected balancesheet.


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  • CreatedJanuary 16, 2015
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