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siness Decisions Assume that you recently accepted a position with Stockman National Bank as an assistant loan officer. As one of your first duties,
siness Decisions 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, 2010. GOLDWORKS.COM Trial Balance March 31, 2010 Cash 4.100 Billing Due from Others 30,140 Supplies 14,940 Trucks 52,740 Equipment 16,180 Amounts Owed to Others 5,700 Investment in Business 47,000 Service Revenue 147,300 Wages Expense 60,100 Utilities Expense 14,660 Rent Expense 4,800 Insurance Expense 1,400 940 Other Expenses 200,000 200,000
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