fo talSource Bookshell New Tab X Untitled document - Google Docx | + /books/9780133508079/cf/6/281/4/2/8/10/4/2/2/2/2/2@0:0 LG 2 ial > P1-1 Liability comparisons Merideth Harper has invested $25,000 in Southwest Development Company. The firm has recently declared bankruptcy and has $60,000 in unpaid debts. Explain the nature of payments if any. by Merideth in each of the following situations. a. Southwest Development Company is a sole proprietorship owned by Ms. Harper b. Southwest Development Company is a 50-50 partnership of Merideth Harper and Christopher Black. c. Southwest Development Company is a corporation. > > LG 4 P1-2 Accrual income versus cash flow for a period Thomas Book Sales, Inc., supplies textbooks to college fo talSource Bookshell New Tab X Untitled document - Google Docx | + /books/9780133508079/cf/6/281/4/2/8/10/4/2/2/2/2/2@0:0 LG 2 ial > P1-1 Liability comparisons Merideth Harper has invested $25,000 in Southwest Development Company. The firm has recently declared bankruptcy and has $60,000 in unpaid debts. Explain the nature of payments if any. by Merideth in each of the following situations. a. Southwest Development Company is a sole proprietorship owned by Ms. Harper b. Southwest Development Company is a 50-50 partnership of Merideth Harper and Christopher Black. c. Southwest Development Company is a corporation. > > LG 4 P1-2 Accrual income versus cash flow for a period Thomas Book Sales, Inc., supplies textbooks to college