e. Unpaid payroll and income taxes of $23,000. f. Accounting and legal fees due in the amount of $12,000 in connection with the administration of the bankrupt estate. g. Unpaid wages to employees...


e. Unpaid payroll and income taxes of $23,000.


f. Accounting and legal fees due in the amount of $12,000 in connection with the administration of the bankrupt estate.


g. Unpaid wages to employees totaling $4,200 ($700 represents the largest amount due any one employee).


h. Loans due shareholders of the corporation totaling $80,000.


i. Other unsecured creditors without priority in the amount of $31,000.


Prepare a schedule to show the estimated amount to be received by each major category of creditor.



May 02, 2022
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