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The night manager of Willis Transportation Service, who had no accounting background, prepared the following balance sheet for the company at February 28 , current
The night manager of Willis Transportation Service, who had no accounting background, prepared the following balance sheet for the company at February 28 , current year. The dollar amounts were taken directly from the company's accounting records and are correct. However, the balance sheet contains a number of errors in its headings, format, and the classification of assets, liabilities, and owners' equity. Prepare a corrected balance sheet
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