Mark Corporation

Following is the balance sheet at the start of June in which bankruptcy case was windup.

MARK CORPORATION IN TRUSTEESHIP BALANCE SHEET ON MAY 31, 2018
Assets
Cash	$42,000
Marketable securities	8,900
Accounts receivable—net	29,000
Prepaid expenses	4,500
Total assets	$84,400
Liabilities and Deficit
Accounts payable	$65,000
Trustee’s fee payable—new	3,000
Note payable—bank	16,000
Notes payable—suppliers	7,000
Total liabilities	91,000
Less: Estate deficit	6,600
Total liabilities less deficit	$84,400

Required

Journalize the following transaction to windup liquidation case. During June 2018, the trustee for Mark Corporation:

• a). Collected the $27,900 accounts receivable remaining were wrote off.
• b). Sold the marketable securities for $8,300
• c). Sold supplies (included in prepaid expenses) for $4,000. Remaining were wrote off.
• d). The trustee’s fee is paid in full.
• e). Distributed cash in final liquidation of the estate and trustee is dismissed.