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the following information is available from the adjusted trial balance of harris vacation rental agency

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Final answer:

The question is about Singleton Bank's adjustments to its balance sheet after a change in business plan, leading to an alteration in assets and loan issuance, while the overall deposits remain unchanged.

Step-by-step explanation:

The information provided relates to an adjustment to the balance sheet of Singleton Bank. A change in business plan has resulted in an alteration of the bank's assets, specifically with regard to its reserves and loans. Singleton Bank now holds $1 million in reserves while having issued a $9 million loan to Hank's Auto Supply. Despite these changes, the bank’s total liabilities, in the form of deposits, remain at $10 million.

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