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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
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