Problem 13-34 (LO 13-3, 13-6)

A company going through a Chapter 7 bankruptcy has the following account balances:

Cash	$	30,000
Receivables (30% collectible)		50,000
Inventory (worth $39,000)		90,000
Land (worth $120,000) (secures note payable)		100,000
Buildings (worth $180,000) (secures bonds payable)		200,000
Salaries payable (4 workers owed equal amounts for last 2 weeks)		10,000
Accounts payable		90,000
Note payable (secured by land)		110,000
Bonds payable (secured by building)		300,000
Common stock		100,000
Retained earnings		(140,000)

How much will be paid to each of the following?

Salaries Payable

Accounts Payable

Notes Payable

Bonds Payable