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Book The following balance sheet was prepared by Labyrinth Services Co. for its year ended August 31, 2013. Labyrinth Services Co. Balance Sheet For

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Book The following balance sheet was prepared by Labyrinth Services Co. for its year ended August 31, 2013. Labyrinth Services Co. Balance Sheet For the Year Ended August 31, 20Y3 Assets 2 Current assets: 3 Cash 4 Accounts payable Supplies $ Prepaid insurance Land Total current assets $16,500.00 31,600.00 4,000.00 16,900.00 250,400.00 $319,400.00 Property, plant, and equipment 10 Building $380,000.00 Equipment 98,000.00 Total property plant, and equipment 617,600.00 11 Total assets $937,000.00 24 Liabilities Current Liabilities AN Accounts receivable Check My Work $42,600.00

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