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

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Accounting

imageimage After the death of Lennie Pope, his will was read. It contained the following provisions: - $105,000 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 uncle, Harwood Pope. - $390,000 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: (1) Discovered the following assets (at fair value): (2) Collected life insurance policy. (3) Collected dividends of $8,000. (4) Discovered debts of $91,000. (5) Conveyed title to the residence to Sue Pope along with the decedent's personal effects. (6) Discovered title to land valued at $35,000. (7) Discovered additional debts of $57,000. Paid all of the debts totaling $148,000. (8) Paid funeral expenses of $51,000. (9) Conveyed cash of $105,000 to Ned Pope. (10) Sold the shares of Ford for $111,000. (11) Paid administrative expenses of $36,000. (12) Made the appropriate payment to Harwood Pope. b. Prepare a charge and discharge statement. Complete this question by entering your answers in the tabs below. Prepare a charge and discharge statement

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