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 Cash Accounts receivable Prepaid insurance Equipment Accounts payable Wilm Schmidt, capital Wilm Schmidt, withdrawals Service revenues Salaries expense Insurance expense Maintenance expense Utilities expense Total Debit $ 12,100 9,740 2,900 29,000 Credit $ 8,400 50,000 9,460 32,500 5,700 13,500 5,700 $120,600 $119,300 60,900 The following errors were discovered: a. Schmidt did not post a $4,500 purchase of equipment on credit. b. In posting a $1,650 collection from a credit customer, Schmidt debited Accounts Receivable and credited Cash. c. In posting a cash receipt, Schmidt correctly debited Cash for $2,370 but incorrectly credited Accounts Receivable for $7,370. d. In posting a $6,300 payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash. e. In posting the entry for services of $4,100 performed for a customer on credit, Schmidt debited Accounts Receivable but credited Maintenance Expense. # Next
Wilm Schmidt, the owner of Wilm's Window Washing Services, had difficulty getting the debits to equal credits on the Jartuaty 31 , 2023, trial balance. The following errors were discovered: o. Schmidt did not post a $4,500 purchase of equipment on credit. b. In posting a $1,650 collection from a credit customer, Schmidt debited Accounts Receivable and credited Cash. c. In posting a cash receipt, Schmidt correctly debited Cash for $2,370 but incorrectly credited Accounts Recelvable for $7,370. d. In posting a $6,300 payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash. e. In posting the entry for services of $4,100 performed for a customer on credit, Schmidt debited Accounts Recelvable but credited Maintenance Expense
