Trial Balance Corrections Problem Charlene Addemup prepared the following trial balance from the general ledger of Big Blue Cleaning Service. It did not balance. Cash Accounts Receivable Cleaning Equipment BIG BLUE CLEANING SERVICE Trial Balance October 31, 2020 $ 975 3,800 13,500 Office Equipment 6,600 Accounts Payable $4,510 Joe Gibbs, Capital 23,000 Joe Gibbs, Withdrawals 4,200 Cleaning Fees Earned 10,875 Cleaning Expense 8,600 Totals 37,675 38,385 Because the trial balance did not balance, Charlene decided to examine the accounting records very closely. She found that the following errors had been made: 1. A purchase of cleaning equipment on account of $245 was posted as a debit to Cleaning Equipment and as a debit to Accounts Payable. 2. An investment of $500 by the owner was debited to Joe Gibbs, Capital and credited to Cash. 3. In computing the balance of the Accounts Receivable account, a debit of $600 was omitted from the computation. 4. One debit of $300 to the Joe Gibbs, Withdrawals account was posted as a credit. 5. Office equipment purchased for $800 was posted to the Cleaning Equipment account. 6. One entire entry was not posted to the general ledger. The transaction involved the receipt of $125 for cleaning services performed for cash. Required (complete using the Big Blue Spreadsheet): 1. Prepare a corrected trial balance for the Big Blue Cleaning Service as of October 31. 2. Income Statement for October 3. Statement of Owners Equity for October 4. Balance Sheet for October 31, 2020