Perfect Enterprises filed a Chapter 7 bankruptcy petition. The trustee of the estate has sold all nonexempt assets, performed all other work, and is now ready to distribute the assets of the estate. The only asset in the estate is cash of $144,000. The following are all of the validly filed claims against the estate.
How much would each creditor receive in the distribution?

Trustee’s fee $10,000
Attorney fees for assisting Trustee $ 6,000
Accountant fees for assisting Trustee $ 4,000
Unpaid wages for 5 employees of $1,200 each for the month prior to filing the petition 6,000
Federal Taxes $12,000
Unsecured Creditors:
Johnson $20,000
Smith $30,000
Jones $30,000
Secured Creditors:
Brown $80,000
(Browns’ collateral was sold for $70,000 and is part of the $144,000 mentioned above, thus has nor received any money yet)

Which of the following statements is true about financial planning

The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturing​ company: work in process inventory ​$0 raw materials inventory $ 29 comma 000 finished goods inventory $ 40 comma 900 additional​ data: 1. actual manufacturing overhead for january amounted to $ 62 comma 600. 2. total direct labor cost for january was $ 63 comma 600. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no.​ 151, for which total direct labor charges were $ 5 comma 700 ​(1 comma 000 direct labor​ hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 300. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 200. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured for​ january

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.