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. Jerry Tasch's will has the followlng provisions: $215,000 In cash goes to Thomas Thorne All shares of Coca-Cola go to Clndy Phillips. . Residence goes to Kevin Simmons. .All other estate assets are to be liquidated with the resulting cash golng to the First Church of Freedom, Missouri. a. Discovered the following assets (at falr value): Cash Interest receivable Life insurance policy Residence Shares of Coca-Cola Company Shares of Polaroid Corporation Shares of Ford Motor Company $ 93,8ee 7,380 43e,808 338,8e0 63,8e8 123,880 285,808 b. Collected Interest of $9,600. C. Pald funeral expenses of $33,000. d. DIscovered debts of $53,000 e. Located an additional savings account of $25,000 f. Conveyed title to the resldence to Kevin Simmons. g. Collected life Insurance policy h. Discovered additional debts of $73,000. Pald debts totaling $126,000. L Conveyed cash of $215,000 to appropriate beneficlary Sold the shares of Polaroid for $138,000 k. Pald administrative expenses of $23,000 Prepare Journal entries for the above transactions. (If no entry is required for a transactlon/event, select "No Journal entry required" In the first account field.) Journal entry worksheet 12 3 5 6 78 Record property held by Jerry Tasch at death. 12 Note: Enter debits before credits. Transaction General Journal Debit Credit a. No journal entry required Administrative expenses Assets subsequently discovered Cash Record entry Clear entry View general jourmal

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