The executor of the Estate of Kate Tweed discovered the following assets (at fair value): The will of Kate Tweed had the following provisions:$195,000 in cash went to Victor Vickery.All shares of PepsiCo went to Duchess Doyle.The residence went to Louis Tweed.All other estate assets were to be liquidated with the resulting cash going to the Sacred Church of Liberty, Missouri.For the Estate of Kate Tweed, a total amount of interest of $9,100 was collected.Prepare the journal entry to record the collection.

Question

The executor of the Estate of Kate Tweed discovered the following assets (at fair value):  The will of Kate Tweed had the following provisions:$195,000 in cash went to Victor Vickery.All shares of PepsiCo went to Duchess Doyle.The residence went to Louis Tweed.All other estate assets were to be liquidated with the resulting cash going to the Sacred Church of Liberty, Missouri.For the Estate of Kate Tweed, a total amount of interest of $9,100 was collected.Prepare the journal entry to record the collection.

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The Answer of The executor of the Estate of Kate Tweed discovered the following assets (at fair value):  The will of Kate Tweed had the following provisions:$195,000 in cash went to Victor Vickery.All shares of PepsiCo went to Duchess Doyle.The residence went to Louis Tweed.All other estate assets were to be liquidated with the resulting cash going to the Sacred Church of Liberty, Missouri.For the Estate of Kate Tweed, a total amount of interest of $9,100 was collected.Prepare the journal entry to record the collection.

The Executor of the Estate of Kate Tweed Discovered the Following