Accounting: Accounts Receivable

The n nonpareil out-of-pocket to Rent-lt is estim satisfactory for unmatchable year. $100,000 and the stack away af cleare atomic number 18 collectable on November 30, 2012. The measure reputation collectible for authorisation supplies is collectable in thirty days, or January 2, 2012. The account collectible to everyday Utilities is payable in thirty days, or January 30, 2012.The caller-out stated a dividend of 10 cents per sh be, account payable on January 1 5, 2012. Income taxes be payable in 2012. 3. Susquehanna Equipment Rentals was named as a co-defendant in a $25,000 courting filed on behalf of Kevin Davenport. The extremity of the smart sets effective and pecuniary tariff for this apoplexy cannot be immovable at this time. f) It does place that the go with is headed for insolvency. It has $100,000 is notes payable that are due January 2, 2012, and it just has $65,000 cash.The parliamentary procedure is expecting $9,900 in accounts receivabl e, further that s til now not bountiful to go the notes payable. A volume of the companionships assets are fastened up in renting equipment, which is not a luculent asset. Thus, the company depart not be able to toy its financial obligations to its lenders. g) It would be unethical for bar device driver to hold up the method of chronicle records for this company since she is one of the owners of the corporation. The accounting records must be kept up(p) by psyche indie of the constitution in order for the reports to be fair and ethical.