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A company going through a Chapter 7 bankruptcy has the following account balances: $ Cash Receivables (25% collectible) Inventory (worth $34,850) Land (worth $253,000) (secures

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A company going through a Chapter 7 bankruptcy has the following account balances: $ Cash Receivables (25% collectible) Inventory (worth $34,850) Land (worth $253,000) (secures note payable) Buildings (worth $275,000) (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 49,000 69,000 109,000 195,000 390,000 19,500 109,000 205,000 490,000 290,000 (235,000) How much will be paid to each of the following? $ 19,500 Salaries payable Accounts payable Note payable Bonds payable $ 205,000

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