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

Debit Credit

Cash $ 13,100

Accounts receivable 10,740

Prepaid insurance 3,900

Equipment 39,000

Accounts payable $ 10,400

Wilm Schmidt, capital 60,000

Wilm Schmidt, withdrawals 10,460

Service revenues 67,200

Salaries expense 33,500

Insurance expense 6,700

Maintenance expense 14,500

Utilities expense 6,700

Total $ 138,600 $ 137,600

The following errors were discovered:

Schmidt did not post a $3,400 purchase of equipment on credit.

In posting a $2,150 collection from a credit customer, Schmidt debited Accounts Receivable and credited Cash.

In posting a cash receipt, Schmidt correctly debited Cash for $2,690 but incorrectly credited Accounts Receivable for $9,240.

In posting a $7,550 payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash.

In posting the entry for services of $3,300 performed for a customer on credit, Schmidt debited Accounts Receivable but credited Maintenance Expense.