Question: Below is the balance sheet for Labyrinth Services Co., which contains errors. Labyrinth Services Co. Balance Sheet For the Year Ended August 31, 20Y3 Current

Below is the balance sheet for Labyrinth Services Co., which contains errors. Labyrinth Services Co. Balance Sheet For the Year Ended August 31, 20Y3 Current assets: Cash Accounts payable Supplies Prepaid insurance Land Total current assets Property, plant, and equipment: Building Equipment Total property, plant, and equipment Total assets Current liabilities: Accounts receivable Accumulated depreciation-building Accumulated depreciation equipment Assets Liabilities $21,800 31,800 9,900 17,800 237,100 $496,100 112,200 $49,500 204,300 33,200 $318,400 825,400 $1,143,800
 Below is the balance sheet for Labyrinth Services Co., which contains
errors. Labyrinth Services Co. Balance Sheet For the Year Ended August 31,
20Y3 Current assets: Cash Accounts payable Supplies Prepaid insurance Land Total current
assets Property, plant, and equipment: Building Equipment Total property, plant, and equipment

Prepere s cerrected bainnte theet. Labilites Total liabilities Stockholders' Esulty Total stockhoiders' equity Total liabilities and stockholders' equity Below is the balance sheet for Labyrinth Services Co., which contains errors. Property, plsnt, and equipment: Building Equipment Total property, plant, and equipment Total assets Current liablities: Accounts recelvable Accumulated depreciation-buliding Accumulated depreciation-equipment Net income Fotal liabilities Wages payable Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $496,100 112,200 825,400$1,143,800 Liabilities $49,500 204,300 33,200 181,700 Stockhoiders' Equity $468,700 $3,500 150,000 $21,600 675,100$1,143,800

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