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

Wilm's Window Washing Services

Trial Balance

January 31, 2023

Cash

Accounts receivable

Prepaid insurance

Equipment

Accounts pavable

Wilm Schmidt, capital Wilm Schmidt, withdrawals

Service revenues

Salaries expense

Insurance expense

Maintenance expense

Utilities expense

Total

Debit

$ 12,900

10,540

3,700

37,000

Credit

9,200

58,000

10,260

67,000

33, 300

6,500

14, 300

6,500

$135,000 $134,200

The following errors were discovered:

1. Schmidt did not post a $3,200 purchase of equipment on credit.
2. In posting a $2,050 collection from a credit customer, Schmidt debited Accounts Receivable and credited Cash.
3. In posting a cash receipt, Schmidt correctly debited Cash for $2,670 but incorrectly credited Accounts Receivable for $7,270.

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17-09-2023

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OrES

1. In posting a $5,400 payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash.
2. In posting the entry for services of $3,100 performed for a customer on credit, Schmidt debited Accounts Receivable but credited Maintenance Expense.

Required:

Prepare a corrected trial balance.

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References

WILM'S WINDOW WASHING SERVICES

Trial Balance

January 31, 2023

Account Titles

Debit

Credit

Mc

Graw

Hill

sunny

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