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Al Sooner died on January 15, 20X5. Records disclose the following estate:
| Cash in the bank | $ 7,500 |
| 5% note receivable, including $50 accrued interest | 3,050 |
| Stocks | 70,000 |
| Dividends declared on stocks | 250 |
| 8% mortgage receivable, including $150 accrued interest | 30,150 |
| Real estate - apartment house | 400,000 |
| Household effects | 27,250 |
| Dividends receivable from the Peg Sooner Trust Fund | 250,000 |
| Total inventory of assets | $788,200 |
| | |
| Cash receipts: |
| Jan. | 20 | Dividends | $ 1,500 |
| | 25 | 5% note receivable | 3,000 |
| | | Interest on 5% note receivable | 53 |
| | | Stocks sold, inventoried at $22,500 | 20,000 |
| | | 8% mortgage sold | 33,000 |
| | | Interest accrued on mortgage | 207 |
| | 28 | Sale of assets not inventoried | 250 |
| | 29 | Sale of apartment house | 395,000 |
| | | Total cash receipts | $453,010 |
| | | | |
| Cash Disbursements: |
| Jan. | 20 | Funeral expenses | $ 2,750 |
| | 23 | Decedent's debts | 8,000 |
| | 25 | Decedent's bequests | 10,000 |
| | 31 | Payment to son, including all estate income | 20,000 |
| | | Total cash disbursements | $40,750 |
Required:
Prepare journal entries to record the events in his estate for the period January 15 through January 31, 20X5.
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