1 No Transaction 01 No journal entry required General Journal Debit Credit 2 02 Cash-principal 5,000 x Cash-income 7,000 x Assets subsequently discovered 5,000 Estate income 7,000 > 3 03 Expenses-income Cash-income 6,000x 6,000 4 04 Debts of the decedent Cash-principal 80,000 80,000 5 05 Cash-principal 19,000x Investments in stocks and bonds. Gain on sale of stocks principal 16,000 x 3,000 6 06 Cash-principal Cash-income Assets subsequently discovered Estate income 7 07 Legacy-Amanda Blake Cash-income 2,000x 12,000 2,000 x 12,000 6,000 6,000 8 07 Cash-principal x 200,000 Life insurance receivable 200,000 9 9-a. Funeral expenses Cash-principal 10,000 x 10,000 >