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(Solved): Wilm Schmidt, the owner of Wilm's Window Washing Services, had difficulty getting the debits to eq ...



Wilm Schmidt, the owner of Wilms Window Washing Services, had difficulty getting the debits to equal credits on the JanuaryRequired:
Prepare a corrected trial balance.

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 purchase of equipment on credit. b. In posting a collection from a credit customer, Schmidt debited Accounts Receivable and credited Cash. c. In posting a cash receipt, Schmidt correctly debited Cash for but incorrectly credited Accounts Receivable for . d. In posting a payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash. e. In posting the entry for services of performed for a customer on credit, Schmidt debited Accounts Receivable but credited Maintenance Expense. Required: Prepare a corrected trial balance.


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Trial balance January 31, 2023Accounts title DebitCreditCash$12,000Accounts receivable11,140Prepaid insurance4,200Equipment45,700Accounts payable
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