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

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 Assets Property, plant, and equipment: Building Equipment Total property, plant, and equipment Total assets Liabilities Current liabilities: $18,500 31,300 6,500 16,600 225,000 $297,900 $400,000 97,000 635,400 $933,300
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