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Discuss the creditor associated with each debt

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Xavier Company is going through a bankruptcy. All assets have been liquidated, and the company retains only $26,200 in free cash. The following debts, totaling $43,050, remain:

Government claims to unpaid taxes 7,000  
  Salary during last month owed to Mr. Key (not an officer) 18,825  
  Administrative expenses 3,450  
  Salary during last month owed to Ms. Rankin (not an officer) 6,225  
  Unsecured accounts payable 7,550  

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

Administrative Expenses = 3,450
Government Claims to unpaid taxes=?
salary during last month owed to Mr. Key and Ms. Rankin=?

Reference no: EM131805477

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