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A company going through a Chapter 7 bankruptcy has the following account balances: Cash $ 39,000 Receivables (25% collectible) 59,000 Inventory (worth $51,550) 99,000 Land

A company going through a Chapter 7 bankruptcy has the following account balances:

Cash $ 39,000
Receivables (25% collectible) 59,000
Inventory (worth $51,550) 99,000
Land (worth $183,000) (secures note payable) 145,000
Buildings (worth $225,000) (secures bonds payable) 290,000
Salaries payable (4 workers owed equal amounts for last 2 weeks) 14,500
Accounts payable 99,000
Note payable (secured by land) 155,000
Bonds payable (secured by building) 390,000
Common stock 190,000
Retained earnings (185,000 )

How much will be paid to each of the following?

Salaries payable $14,500

Accounts payable

Note payable

Bonds payable

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