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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 $ 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
Data Table columns
st column is item description
nd column is an amount
rd column is an amount
Header
GoldWorks.com
Trail Balance
Friday, March
Data Table items
Cash Left Column
Accounts Receivable Left Column
Supplies Left Column
Trucks Left Column
Equipment Left Column
Accounts Payable Right Column
Investment in Business Right Column
Service Revenue Right Column
Wages Expense Left Column
Utilities Expense Left Column
Rent Expense Left Column
Insurance Expense Left Column
Other Expenses Left Column
Last Row Left ColumnRight 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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