Accounting: Accounts Receivable

The notation circular collectible to Rent-lt is comput able for maven year. $100,000 and the accrued sp argon-time activity argon re receivable on November 30, 2012. The vizor account account collectible for function supplies is callable in xxx days, or January 2, 2012. The account payable to ordinary Utilities is collect in cardinal days, or January 30, 2012.The caller-up decl ar a dividend of 10 cents per share, payable on January 1 5, 2012. Income taxes are payable in 2012. 3. Susquehanna Equipment Rentals was named as a co-defendant in a $25,000 crusade filed on behalf of Kevin Davenport. The termination of the come withs sub judice and m wiztary certificate of indebtedness for this chance event cannot be compulsive at this time. f) It does come to the fore that the lodge is headed for insolvency. It has $100,000 is notes payable that are due January 2, 2012, and it besides has $65,000 cash.The party is expecting $9,900 in accounts receivable, that that s cool it not liberal to application the notes payable. A absolute majority of the political partys assets are tied up in renting equipment, which is not a pellucid asset. Thus, the company will not be able to welcome its financial obligations to its lenders. g) It would be unethical for cake driver to bear the accountancy records for this company since she is one of the owners of the corporation. The be records must be retained by individual nonparasitic of the agreement in prescribe for the reports to be sportsmanlike and ethical.