Complete Tables

Bottomless Pit Inc.
Statement of Affairs
5/1/200X
		Current	Estimated	Loss or
Carrying		Fair	Amount	(Gain) on	Carrying			Amount
Amounts	Assets	Values	Available	Realization	Amounts	Liabilities and Equity		Unsecured
	Assets:					Unsecured with priority:
					$5,000	Salaries Payable	$5,000
$80,000	Building	130,000		(50,000)	$10,000	Taxes Payable	$10,000
	Less Loan Payable	(115,000)	15,000		$5,000	Liquidation Costs Payable	$5,000
							$20,000
$6,000	Inventories	3,000	3,000	3,000
$2,000	Cash	2,000	2,000	0
$66,000	Trade Accounts Receivable	20,000	20,000	46,000	$115,000	Loan Payable	$115,000
$36,000	Equipment	10,000	10,000	26,000
					$80,000	Trade Accounts Payable	$80,000	$80,000
	Total estimated amount available		50,000	$25,000
	Less with priority					Total Liabilities	$215,000
	Estimated amount available for
	unsecured creditors ($. on the dollar)		?			Equity	($25,000)
$190,000					$215,000		$190,000

Bottomless Pit
Estimated Amounts to be Recovered by Creditors
5/1/200X
			Estimated
Class of Creditor	Total Claims	Computation	Recovery
Unsecured with Priority ?		?	?
Fully Secured	?	?	?
Unsecured without Priority ?		?	?
	?		?

	Bottomless Pit
	Actual Amounts Recovered by Creditors
	5/31/200X
				Estimated
	Class of Creditor	Total Claims	Computation	Recovery
	Unsecured with Priority	?	?	?
	Fully Secured	?	?	?
	Unsecured without Priority	?	?	?
		?		?

Bottomless Pit
Statement of Realization and Liquidation
For the Month Ended May 31, 200X
		Non Cash	Loan	Salary	Liq Costs	Taxes	Accounts
	Cash	Assets	Payable	Payable	Payable	Payable	Payable	Deficit
Book Balances May 1	$2,000	$188,000	$115,000	$5,000	$5,000	$10,000	$80,000	($25,000)
Sold building and paid loan ?		?	?	?	?	?	?	?
Collected accounts receivable ?		?	?	?	?	?	?	?
Sold equipment	?	?	?	?	?	?	?	?
Paid salaries and taxes	?	?	?	?	?	?	?	?
Sold inventory	?	?	?	?	?	?	?	?
Paid liquidation costs	?	?	?	?	?	?	?	?
Paid settlement to creditors	?	?	?	?	?	?	?	?
Book balances May 31	?	?	?	?	?	?	?	?