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Assume that you recently accepted a position with Stockman National Bank as an assistant loan officer. As one of your first duties, you have the

Assume that you recently accepted a position with Stockman National Bank as an assistant loan officer. As one of your first duties, you have the responsibility of evaluating a loan request for $90,000 from Goldworks.com, a small proprietorship. In support of the loan application, Yolanda Tovar, owner, submitted a trial balance for the first year of operations ended March 31,2023.
Data Table (3 columns)
1st column is item description
2nd column is an amount
3rd column is an amount
Header
GoldWorks.com
Trail Balance
Friday, March 31,2023
Data Table items
Cash (Left Column)4,100
Accounts Receivable (Left Column)30,140
Supplies (Left Column)14,940
Trucks (Left Column)52,740
Equipment (Left Column)16,180
Accounts Payable (Right Column)5,700
Investment in Business (Right Column)47,000
Service Revenue (Right Column)147,300
Wages Expense (Left Column)60,100
Utilities Expense (Left Column)14,660
Rent Expense (Left Column)4,800
Insurance Expense (Left Column)1,400
Other Expenses (Left Column)940
Last Row 200,000(Left Column)200,000(Right Column)
What accounts do you see in the unadjusted trial balance that would be candidates for adjustment? Do you see anything in the trial balance that would bother you or raise suspicions in as far as loaning Goldworks.com the money?

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