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Assignment 2-Ch 2 (i) Saved Help Save: The following errors were discovered: a. Schmidt did not post a $3,000 purchase of equipment on credit. b.

Assignment 2-Ch 2 (i)\ Saved\ Help\ Save:\ The following errors were discovered:\ a. Schmidt did not post a

$3,000

purchase of equipment on credit.\ b. In posting a

$1,950

collection from a credit customer, Schmidt debited Accounts Receivable and credited Cash.\ c. In posting a cash receipt, Schmidt correctly debited Cash for

$2,680

but incorrectly credited Accounts Receivable for

$8,280

.\ d. In posting a

$7,100

payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash.\ e. In posting the entry for services of

$2,900

performed for a customer on credit, Schmidt debited Accounts Receivable but credited Maintenance Expense.\ Renuiren:

image text in transcribed
Wilm Schmidt, the owner of Wilm's Window Washing Services, had difficulty getting the debits to equal credits on the January 31 , 2023, trial balance. The following errors were discovered: a. Schmidt did not post a $3,000 purchase of equipment on credit. b. In posting a $1,950 collection from a credit customer, Schmidt debited Accounts Receivable and credited Cash. c. In posting a cash receipt, Schmidt correctly debited Cash for $2,680 but incorrectly credited Accounts Receivable for $8,280. d. In posting a $7,100 payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash. e. In posting the entry for services of $2,900 performed for a customer on credit, Schmidt debited Accounts Receivable but credited Maintenance Expense. Wilm Schmidt, the owner of Wilm's Window Washing Services, had difficulty getting the debits to equal credits on the January 31 , 2023, trial balance. The following errors were discovered: a. Schmidt did not post a $3,000 purchase of equipment on credit. b. In posting a $1,950 collection from a credit customer, Schmidt debited Accounts Receivable and credited Cash. c. In posting a cash receipt, Schmidt correctly debited Cash for $2,680 but incorrectly credited Accounts Receivable for $8,280. d. In posting a $7,100 payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash. e. In posting the entry for services of $2,900 performed for a customer on credit, Schmidt debited Accounts Receivable but credited Maintenance Expense

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