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Wilm Schmidt, the owner of Wilms Window Washing Services, had difficulty getting the debits to equal credits on the January 31, 2023, trial balance. Wilms

Wilm Schmidt, the owner of Wilms Window Washing Services, had difficulty getting the debits to equal credits on the January 31, 2023, trial balance.

Wilms Window Washing Services
Trial Balance
January 31, 2023
Debit Credit
Cash $ 13,500
Accounts receivable 11,140
Prepaid insurance 4,300
Equipment 43,000
Accounts payable $ 12,800
Wilm Schmidt, capital 64,000
Wilm Schmidt, withdrawals 10,860
Service revenues 67,600
Salaries expense 33,900
Insurance expense 7,100
Maintenance expense 14,900
Utilities expense 7,100
Total $ 145,800 $ 144,400

The following errors were discovered:

  1. Schmidt did not post a $3,800 purchase of equipment on credit.
  2. In posting a $2,350 collection from a credit customer, Schmidt debited Accounts Receivable and credited Cash.
  3. In posting a cash receipt, Schmidt correctly debited Cash for $2,580 but incorrectly credited Accounts Receivable for $8,230.
  4. In posting a $7,050 payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash.
  5. In posting the entry for services of $3,700 performed for a customer on credit, Schmidt debited Accounts Receivable but credited Maintenance Expense.

Required: Prepare a corrected trial balance.

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