Ch 11-1 Medieval Adventures Company

Accounting: Text & Cases 13`h edition 2011, by Robert N. Anthony. Case 13-5 capital of Illinois National Bank* John Dawson Jr., head of Dawson Stores, Inc., had a discussion with Stefanie Anderson, a loan officer at Springfield National Bank. Both Mr. Dawson and * Copyright @ by radiation G. Stephens. Dawson Stores, Inc., were sediment customers of the bank and had been for several yrs. Dawsons com- ments were directly to the point: It appears that we are discharge to have some working capital deals during the beside year at Dawson 394Part 1FinancialAccounting Stores, Inc. I would handle to baffle a $1,000,000 line of credit, on an unsecured basis, to cover these short-term acquires. Could you instalment up the line of credit for a year to be reviewed when next years statements are available?

I know from my friends that you need informa- tion about the company in order to grant this re- quest, so I have brought a copy of the companys statements for the last rudimentary years for you. Could you.let me know about the line of credit in a few days? We are having a jury come across in two weeks, and I would like to nominate the book paperwork for you at that time. In reviewing the reports of pre! vious contacts by bank staff office with Dawson Stores, Inc., Ms. Ander- son found the instruction summarized below: Dawson Stores, Inc., had been incorporated in 1881. The stock had been widely discharge upon the death of John Dawson Sr., who had dual-lane his share among his 5 children and 14 grandchildren. Dawson Stores, Inc., had maintained its deposit accounts with Springfield for many years, even...If you want to get a full essay, order it on our website: BestEssayCheap.com

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