Wilm Schmidt, the owner of Wilm's Window Washing Services, had difficulty getting the debits to equal credits
Question:
The following errors were discovered:
a. Wilm did not post a $4,000 purchase of equipment on credit.
b. In posting a $1,400 collection from a credit customer, Wilm debited Accounts Receivable and credited Cash.
c. In posting a cash receipt, Wilm correctly debited Cash for $2,660 but incorrectly credited Accounts Receivable for $6,260.
d. In posting a $4,400 payment on account, Wilm debited Accounts Payable but forgot to post the credit to Cash.
e. In posting the entry for services of $3,600 performed for a customer on credit, Wilm debited Accounts Receivable but credited Maintenance Expense.
Required
Prepare A corrected trail balance.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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