Question: Balance Sheet Below is the balance sheet for Labyrinth Services Co., which contains errors. Labyrinth Services Co. Balance Sheet For the Year Ended August 31,
Balance Sheet Below is the balance sheet for Labyrinth Services Co., which contains errors. Labyrinth Services Co. Balance Sheet For the Year Ended August 31, 2019 Assets Current assets: Cash Accounts payable Supplies Prepaid insurance $17,300 23,600 7,900 14,100 173,900 Land Total current assets $236,800 Building $363,600 82,200 611,900 $848,700 Total assets Liabilities Accounts receivable Accumulated depreciation-building Accumulated depreciation-equipment $39,300 149,700 24,300
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