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You Have Just Accepted Your First Job Out of College,which

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You have just accepted your first job out of college,which requires you to evaluate loan requests at Eastwood National Bank.The first loan request you receive is from Richard Enterprises.Richard Tracy,the CEO,is requesting $105,000 and brings you the following trial balance (or statement of accounts)for the first year of operations ended December 31.
Which of the following accounts do you think might need to be adjusted before an accurate set of financial statements could be prepared?
You have just accepted your first job out of college,which requires you to evaluate loan requests at Eastwood National Bank.The first loan request you receive is from Richard Enterprises.Richard Tracy,the CEO,is requesting $105,000 and brings you the following trial balance (or statement of accounts)for the first year of operations ended December 31. Which of the following accounts do you think might need to be adjusted before an accurate set of financial statements could be prepared?


Definitions:

Dramatic

Pertaining to drama or performance, or characterized by emotional, exciting, or unexpected events or circumstances.

Cluster B

Dramatic or emotional personality disorders; “wild” or “bad.”

Psychopathology

The study of mental disorders, focusing on the diagnosis, treatment, and understanding of psychological dysfunction and distress.

Personality Disorders

Extreme and inflexible personality configurations that lead to significant impairment.

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