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Robin Enterprises is struggling financially. On March 1, and Robin has assets of only $5,000 in its checking account and a company truck worth $5,000.
Robin Enterprises is struggling financially. On March 1, and Robin has assets of only $5,000 in its checking account and a company truck worth $5,000. On that same date, it owes (a) Eagle Bank $7,000 for overdraft funds taken in other months, (b) $5,000 to a landscape company that just finished a job of making the rented office exteriors of Robin look more professional, and (c) $4,000 in back rent to Robin
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