You are serving as the executor for the estate of Dr.Mary Carlson.The following transactions occur during August 2014.Dr.Carlson died on July 30,2014.
1.On August 6,you received interest of $3,000 on State of Colorado general revenue bonds.Interest of $1,600 was earned after the date of death.The balance was earned prior to death,and had been accrued.The bonds were included in the estate's initial inventory.The maturity value and fair market values of the bond are $100,000.
2.On August 11,you issued a check to pay a probate court fee of $1,120.
3.The estate included 10,000 shares of Dasher International's common stock,valued at $40 per share,which were properly included in the estate's initial inventory.On the date of her death,there were no outstanding dividends receivable.On August 14,you read that a dividend of $1 per share was declared.
4.In Mary's will,she wanted $100,000 given to the National Zoo.After examining the assets,you determined that the estate's assets will adequately cover all expenses and specific devises,so on August 23,you issued a check to the Zoo for $100,000.
5.On August 25,you issued a check to pay Mary's final medical expenses of $16,700.
6.On August 28,you received a check for $10,000 for the common stock dividends paid by Dash International.
Required:
Prepare the necessary journal entries for the above transactions.You may ignore any estate or income taxes.
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