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Shi Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $ 2 6 , 0 0
Shi Company is going through a Chapter bankruptcy. All assets have been liquidated, and the company retains only $ in free cash. The following debts, totaling $ remain:
Government claims to unpaid taxes
Salary during last month owed to Mr Key not an officer
Administrative expenses
Salary during last month owed to Ms Rankin not an officer
Unsecured accounts payable
$
Required:
Indicate how much money will be paid to the creditor associated with each debt.
tableTypes of Debts,AmountsAdministrative expenses,$Salary during last month owed to Mr Key and Ms Rankin,Government claims to unpaid taxes,,$$
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