Jerry Taschs will has the following provisions: $210,000 in cash goes to Thomas Thorne. All shares of Coca-Cola go to Cindy Phillips. Residence goes to Kevin Simmons. All other estate assets are to be liquidated with the resulting cash going to the First Church of Freedom, Missouri.

a. Discovered the following assets (at fair value):

Cash $ 92,000

Interest receivable 7,200

Life insurance policy 420,000

Residence 320,000 Shares of Coca-Cola Company 62,000

Shares of Polaroid Corporation 122,000

Shares of Ford Motor Company 200,000

b. Collected interest of $9,400.

c. Paid funeral expenses of $32,000.

D. Discovered debts of $52,000.

E. Located an additional savings account of $24,000.

F. Conveyed title to the residence to Kevin Simmons.

G. Collected life insurance policy.

H. Discovered additional debts of $72,000.

I. Paid debts totaling $124,000. Conveyed cash of $210,000 to appropriate beneficiary.

J. Sold the shares of Polaroid for $136,000.

K. Paid administrative expenses of $22,000.

Prepare journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)