# Below is the balance sheet for Labyrinth Services Co., which contains errors. Labyrinth Services Co. Balance...

###### Question:

Below is the balance sheet for Labyrinth Services Co., which contains errors. Labyrinth Services Co. Balance Sheet For the Year Ended August 31, 2018 Assets Current assets: $16,500 28,200 7,500 13,500 215,000$280,700 $449,700 101,700 731,100$1,011,800 Cash Accounts payable Supplies Prepaid insurance Land Total current assets Property, plant, and equipment: Building Equipment Total property, plant, and equipment Total assets 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 $37,600 185,200 30,100 160,900$413,800 $3,100 150,000 444,900 598,000$1,011,800 Prepare a corrected balance sheet.
Labyrinth Services Co. Balance Sheet August 31, 2018 Assets Current assets: Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity

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