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.

The following errors were discovered:
1. Schmidt did not post a $4,000 purchase of equipment on credit.
2. In posting a $1,400 collection from a credit customer, Schmidt debited Accounts Receivable and credited Cash.
3. In posting a cash receipt, Schmidt correctly debited Cash for $2,660 but incorrectly credited Accounts Receivable for $6,260.
4. In posting a $4,400 payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash.
5. In posting the entry for services of $3,600 performed for a customer on credit, Schmidt debited Accounts Receivable but credited Maintenance Expense.

Required
Prepare a corrected trial balance.

Transcribed Image Text:

Wilm's Window Washing Services Trial Balance January 31, 2023 Debit Credit Cash Accounts receivable Prepaid insurance Equipment Accounts payable Wilm Schmidt, capital Wilm Schmidt, withdrawals Service revenues Salaries expense Insurance expense Maintenance expense Utilities expense Totals $ 11,600 9,240 2,400 24,000 8,960 32,000 5,200 13,000 5,200 $111,600 $ 5,400 45,000 60,400 $110,800