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Wilm Schmidt, the owner of Wilm's Window Washing Services, had difficulty getting the debits to eq ...
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: a. Schmidt did not post a $3,700 purchase of equipment on credit. b. In posting a $2,300 collection from a credit customer, Schmidt debited Accounts Receivable and credited Cash. c. In posting a cash receipt, Schmidt correctly debited Cash for $2,570 but incorrectly credited Accounts Receivable for $7,270. d. In posting a $6,000 payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash. e. 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.