Wilm Schmidt, the owner of Wilm€™s Window Washing Services, had difficulty getting the debits to equal credits on the January 31, 2017, trial balance.

The following errors were discovered:

a. Schmidt did not post a $4,000 purchase of equipment on credit.
b. In posting a $1,400 collection from a credit customer, Schmidt debited Accounts Receivable and credited Cash.
c. In posting a cash receipt, Schmid correctly debited Cash for $2,660 but in correctly credited Accounts Receivable for $6,260.
d. In posting a $4,400 payment on account, Schmidt 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, Schmidt debited Accounts Receivable but credited Maintenance Expense.

Required 

Prepare a corrected trial balance.

Transcribed Image Text:

Wilm's Window Washing Services Trial Balance January 31, 2017 Debit Credit $ 11,600 Cash .. Accounts receivable 9,240 2,400 Prepaid insurance Equipment .. 24,000 Accounts payable $ 5,400 Wilm Schmidt, capital ... 45,000 Wilm Schmidt, withdrawals 8,960 Service revenues 60,400 Salaries expense 32,000 Insurance expense 5,200 ..... ... Maintenance expense 13,000 ... Utilities expense 5,200 $111,600 .... $110,800 Totals