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please help Wilm Schmidt, the owner of Wilm's Window Washing Services, had difficulty getting the debits to equal credits on the January 31, 2020, trial
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Wilm Schmidt, the owner of Wilm's Window Washing Services, had difficulty getting the debits to equal credits on the January 31, 2020, trial balance. Wilm's Window Washing Services Trial Balance January 31, 2020 Debit Credit Cash $ 13,000 Accounts receivable 10,640 Prepaid insurance 3,800 Equipment 38,000 Accounts payable Wilm Scheidt, capital $ 9,800 59,000 Wilm Schmidt, withdrawals 10,360 Service revenues 67,100 33,400 6,600 Salaries expense Insurance expense Maintenance expense Utilities expense Total 14,400 6,600 $136,800 $135,900 The following errors were discovered: a. Schmidt did not post a $3,300 purchase of equipment on credit. b. In posting a $2.100 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 $8,230. d. In posting a $6,450 payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash. e. In posting the entry for services of $3,200 performed for a customer on credit, Schmidt debited Accounts Receivable but credited Maintenance Expense. 7 bok k nt Required: Prepare a corrected trial balance. Totals WILM'S WINDOW WASHING SERVICES Trial Balance January 31, 2020 Account Titles Debit Credit Step by Step Solution
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