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After the death of Lennie Pope, his will was read. It contained the following provisions: $ 1 1 0 , 0 0 0 in cash

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After the death of Lennie Pope, his will was read. It contained the following provisions:
$110,000 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.
$300,000 goes into a charitable remainder trust.
:. All other estate assets are to be liquidated with the cash going to Victoria Jones.
a. Prepare journal entries for the following transactions that subsequently occur:
Discovered the following assets (at fair value):
Cash
Certificates of deposit
$19,000
Dividends recelvable
90,000
Life insurance policy
Residence and personal effects
Shares of Ford Motor Company
Shares of Xerox Corporation
Collected life insurance policy.
Collected dividends of $4,000.
Discavered debis of $71,000.
Conveyed vithe to the residence to Sue Pope along with the decedent's persanal effects.
Discovered uitie to land valued at $15,000.
Discovered maditional debts of $37,000. Paid all of the debts totaling $108,000.
B. Prid funeral expenses of $31,000.
Cunveyed cash of $110,000 wo Ned Pope.
30 Sole the chares of Fond for $81,000.
Paid udminimiretive expenses of $16,000.
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