What to do if I am purchasing active rental instruments and accounts from a business?

Question Details: I am purchasing the assets and accounts of an existing business. I am moving into their location as a new LLC. The existing business rents musical instruments to customers who prepay their rental. How do I handle past due accounts owing the previous business back rent, whose rental instrument I purchase? And any monies coming into my shop from monthly invoices sent out before I purchase the instruments? Am I entitled to demand funds from the seller to cover prepaid rentals he accepted money as prepayments for customer rentals, and is he entitled to the same for monies invoiced before sale?

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