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please anwser + 3. Frank Koppa is the comer of Northtown Gardening Service, in Keloma, B.C. The sets, liabilities, and equity of the business are
please anwser + 3. Frank Koppa is the comer of Northtown Gardening Service, in Keloma, B.C. The sets, liabilities, and equity of the business are shown below 2 5 Cash Accounts Receivable Supplies Equipment Automobile Property Bank Loan Accounts Payable Mortgage Payable F. Koppa, Capital 32050 1 255 2118 5 000 13500 180 000 8000 4800 82 000 130 581 33 11 12 15 16 Mr. Koppa wishes to retire, sell the assets of the business, and pay off the claims of his creditors. In this way he can get his equity out of the business A liquidator is hired to collect al accounts receivable in the supplies are sold for 3700; the equipment is sold for $3000. Mr. Koppa will take possession of the company automobile, the property is sold for $200 000 The liquidator charges 52500 Calculate how much cash Mr. Koppa will receive as a result of his claim against the assets. Must show ALL work. (7 Application marks) 17 10 to
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