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Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and...

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Accounting

Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $27,300 in free cash. The following debts, totaling $48,550, remain:

Government claims to unpaid taxes$8,100

Salary during last month owed to Mr. Key (not an officer) 19,925

Administrative expenses 4,550

Salary during last month owed to Ms. Rankin (not an officer) 7,325

Unsecured accounts payable 8,650

Indicate how much money will be paid to the creditor associated with each debt.

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