Question: Labyrinth Services Co. Balance Sheet For the Year Ended August 31, 2043 Assets Current assets $17,200 25,100 Cash Accounts payable Supplies Prepaid insurance Land 7,800


Labyrinth Services Co. Balance Sheet For the Year Ended August 31, 2043 Assets Current assets $17,200 25,100 Cash Accounts payable Supplies Prepaid insurance Land 7,800 14,000 187,000 $251.100 Total current assets Property, plant, and equipment: Building Equipment Total property, plant, and equipment $391,300 88,500 650,900 $902,000 Total assets Liabilities Current liabilities: $39.000 161,100 Accounts receivable Accumulated depreciation-building Accumulated depreciation-equipment Net income 26,200 143,300 Total liabilities $369,600 Stockholders' Equity 52.800 Wases payable $2,800 Stockholders' Equity Wages payable Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 150,000 379,600 532,400 $902,000 Prepare a corrected balance sheet. Labyrinth Services Co. Balance Sheet August 31, 2013 Assets Current assets: Total current assets Property, plant, and equipment Qo da Total property, plant, and equipment Total assets Labilities Current liabilities: Total liabilities N Stockholders Futy Total stockholders equity Total abilities and stockholders' quity
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