19/6
my work The executor of Rose Shield's estate listed the following properties (at fair value): Cash Life insurance receivable Investments in stocks and bonds Rental property Personal property $ 305,000 205,000 105,000 91,000 135,00 Following are the transactions that occur in the months following the decedent's death: (1) Claims of $81,000 are made against the estate for various debts incurred before the decedent's death. 2) Interest of $13,000 is received from bonds held by the estate. Of this amount, $5,500 had been earned prior to death. (3) Ordinary repairs costing $6,500 are made to the rental property. (4) All debts ($81,000) are paid. (5) Stocks recorded in the estate at $16,500 are sold for $20,000 cash. (6) Rental income of $15,000 is collected. Of this amount, $2,500 had been earned prior to the decedent's death. ) Cash of $6,100 is distributed to Jim Arness, an income beneficiary. (8) The proceeds from the life insurance policy are collected and the money is immediately distributed to Amanda Blake as specified in the decedent's will. (9) Funeral expenses of $11,000 are paid, a. Prepare journal entries to record the property held by Ms. Shield's estate and then each of the above transactions that occur in the months following the decedent's death: b. Prepare in proper form a charge and discharge statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare journal entries to record the property held by Ms. Shield's estate and then each of the above transactions that occur in the months following the decedent's death: (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Required A Required B Prepare journal entries to record the property held by Ms. Shield's estate and then each of the above transactions that months following the decedent's death: (if no entry is required for a transaction/event, select "No journal entry require account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 11 Record property held by Rose Shields at death. Note: Enter debits before credits. Transaction 01 General Journal Cash--principal Debit Credit 1 2 3 4 5 6 7 8 11 Record liabilities of Rose Shields at death. Note: Enter debits before credits. Transaction General Journal 02 Debit Credit Journal entry worksheet Record liabilities and obligations of the decedent. Note: Enter debits before credits Transaction General Journal Debit Credit 05 Journal entry worksheet Record the sale of stock. Note: Enter debits before credits. Transaction General Journal Debit Credit 06 equired A Required B epare journal entries to record the property held by Ms. Shield's estate and then each of the onths following the decedent's death: (If no entry is required for a transaction/event, select " count field.) View transaction list Journal entry worksheet Record payment made to income beneficiary. Note: Enter debits before credits. Transaction General Journal Debit 07 Credit Journal entry worksheet Record collection made from life insurance policy. Note: Enter debits before credits. Transaction 9-a. General Journal Debit Credit Journal entry worksheet 1 4 5 6 7 8 9 10 11 Record payments made of proceeds from life insurance policy. Note: Enter debits before credits. Transaction 9-b. General Journal Debit Credit Journal entry worksheet
