Question: Problem 1 3 - 4 6 ( Algo ) ( LO 1 3 - 4 , 1 3 - 6 , 1 3 - 7

Problem 13-46(Algo)(LO 13-4,13-6,13-7)
Creditors of Jones Corporation are considening petmoning the courts to force the company into Chapter 7 bankruptcy. The following information has been determined. Administrative expenses in connection with the liquidation are estimated to be $41,000
\table[[,B00k Value,wet Realizable value],[Cash,125,000,$ 25,600],[Accounts recelvable,51,600,37,400],[Inventory,64,000,50,200],[Supplies,22,600,4],[Investiments,21,600,27,600],[Land,79,600,91,600],[buildings,109,000,87,600],[Equipment,69,606,54,60e],[Notes payable (secured by land),84,000,],[Notes payable (secured by buildings),116,000,],[Bonds payable (secured by equipment),153,00e,],[Accounts payable,89,6ed,],[salaries payable (two weeks" salary for three employees),25,0ed,],[Taxes payable,36,600,]]
Indicate the amount of money that each class of creditors can anticipate receiving. *
\table[[,Amounts],[Free ansets,],[Liablities with priority,],[Five assets after payment of liablities with priority,],[Unsecured liablities,],[Parment on notes payable (secured by land),],[Payment on notes paryable (secured by buldings),],[Parment on bonds payable,],[Pagment on accounts payatile (unsecured),],[Parment of salaries paryable,],[Parment of taxes payatile,],[Payment of adminitrative expenses,]]
Problem 1 3 - 4 6 ( Algo ) ( LO 1 3 - 4 , 1 3 - 6

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