Assume that you recently accepted a position with Five Star National Bank & Trust as an assistant loan officer. As one of your first duties. you have been assigned the responsibility of

evaluating a loan request for $$300\mathrm{.}000$ from West Gate Auto Co$..$ a small corporation. In support of the loan application. Joan Whalen. owner, submitted a "Statement of Accounts" $($trial

balance$)$ for the first year of operations ended October $31\mathrm{.}20$Y$3.$

In discussing the "Statement of Accounts" with Joan whallen, you discovered that the accounts had not been adifusted at october

After reviewing the statements, identify and dilscuss $2$ adifustments that may be missing, and how they affect the accuracy of

these statements.

Assuming that an accurate set of financial statements will be submitted by Joan whalen in a few days, what other

considerations or information would you require before making a decision on the loan request?