After the death of Lennie Pope, his will was read. It contained the following provisions:

$$135,000$ in cash goes to decedent$$s brother, Ned Pope.

Residence and other personal property go to his sister, Sue Pope.

Proceeds from the sale of Ford stock go to his uncle, Harwood Pope.

$$350,000$ goes into a charitable remainder trust.

All other estate assets are to be liquidated with the cash going to Victoria Jones.

Required:

Prepare journal entries for the following transactions that subsequently occur:

Discovered the following assets $($at fair value$)$:

Cash $ $19,000$

Certificates of deposit $84,000$

Dividends receivable $3,500$

Life insurance policy $475,000$

Residence and personal effects $495,000$

Shares of Ford Motor Company $77,000$

Shares of Xerox Corporation $84,000$

Collected life insurance policy.

Collected dividends of $$5,000.$

Discovered debts of $$76,000.$

Conveyed title to the residence to Sue Pope along with the decedent$$s personal effects.

Discovered title to land valued at $$20,000.$

Discovered additional debts of $$42,000.$ Paid all of the debts totaling $$118,000.$

Paid funeral expenses of $$36,000.$

Conveyed cash of $$135,000$ to Ned Pope.

Sold the shares of Ford for $$88,500.$

Paid administrative expenses of $$21,000.$

Made the appropriate payment to Harwood Pope.

Prepare a charge and discharge statement.