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Cash and receivables chapter 7

04/10/2021 Client: muhammad11 Deadline: 2 Day

A company going through a Chapter 7 bankruptcy has the following account balances: Cash Receivables (25% collectible) Inventory (worth $40,800) Land (worth $134,000) (secures note payable) Buildings (worth $190,000) (secures bonds payable) Salaries payable (4 workers owed equal amounts for last 2 weeks) Accounts payable Note payable (secured by land) Bonds payable (secured by building) Common stock Retained earnings 32, eee 52, 92, eee 110, eee 220, eee 11, eee 92, eee 120, eee 320, eee 120, eee (15e,eee) How much will be paid to each of the following? Salaries payable Accounts payable Note payable Bonds payable

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