The executor of the estate of Yelbert Toper recorded the following information:
Assets discovered at death (at fair value):
Debts of $22,100 still remain to be paid.The shares of Dell Technologies stock were conveyed to the appropriate beneficiary.Executor fees are allocated based on total charges for principal and for income.
Required:
Prepare a charge and discharge statement for this estate.

Question

The executor of the estate of Yelbert Toper recorded the following information:
Assets discovered at death (at fair value):
  Debts of $22,100 still remain to be paid.The shares of Dell Technologies stock were conveyed to the appropriate beneficiary.Executor fees are allocated based on total charges for principal and for income.
Required:
Prepare a charge and discharge statement for this estate.

Quizplus · Accepted Answer

The Answer of The executor of the estate of Yelbert Toper recorded the following information:
Assets discovered at death (at fair value):
  Debts of $22,100 still remain to be paid.The shares of Dell Technologies stock were conveyed to the appropriate beneficiary.Executor fees are allocated based on total charges for principal and for income.
Required:
Prepare a charge and discharge statement for this estate.

The Executor of the Estate of Yelbert Toper Recorded the Following