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Liabilities Current liabilities: Accounts receivable Accumulated depreciation-building Accumulated depreciation-equipment Net income Total liabilities Stockholders' Equity Wages payable Common stock Retained earnings Total stockholders' equity Total
Liabilities Current liabilities: Accounts receivable Accumulated depreciation-building Accumulated depreciation-equipment Net income Total liabilities Stockholders' Equity Wages payable Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Prepare a corrected balance sheet. Prepare a corrected balance sheet. Labyrinth Services Co. Balance Sheet August 31, 20Y3 Line Item Description Amount Assets Current assets: Current assets: Current assets: Accumulated depreciation - building Book value - building Equipment Accumulated depreciation - equipment x Book value-equipment Total property, plant, and equipment Total assets Liabilities Current liabilities: Accounts payable Wages payable Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Labyrinth Services Co. Balance Sheet Below is the balance sheet for Labyrinth Services Co., which contains errors
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