28. The Walston Company is to be liquidated. It has the following liabilities: Income taxes...
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28. The Walston Company is to be liquidated. It has the following liabilities: Income taxes Notes payable (secured by land) Accounts payable Salaries payable (evenly divided between two employees) Bonds payable Administrative expenses for liquidation The company has the following assets: How much money will the holders of the notes payable collect following liquidation? 29. Shi Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $26,200 in free cash. The following debts, totaling $43.050, remain: Indicate how much money will be paid to the creditor associated with each debt
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