Plum Company has been in receivership for the past five months. At the beginning of this period, the following trial balance was taken from Plum Company's books.
Cash.................. $ 4,500
Accounts Receivable........... 15,000
Inventory ............... 142,650
Property and Equipment ....... 90,600
...................... $252,750
Allowance for Uncollectibles........ $ 3,750
Accumulated Depreciation........... 36,825
Accounts Payable........... 143,175
Capital Stock .............. 135,000
Retained Earnings (deficit) ....... (66,000)
...................... $252,750
The trustee, P. Smith, who was appointed to manage the debtor's business during the period of liquidation, opened a new set of books and took title to Plum Company's assets on June 1, 2012. The activities of the trustee during the five-month period ended October 31, 2012, are as follows:
1. The trustee sold all Plum Company's inventory for $153,000, of which $75,000 represented credit sales.
2. Cash was collected on old receivables, $11,250, and on new receivables, $64,500.
3. Expenses paid during the period were
Operating expenses.... $11,850
Trustee expenses.... 3,000
4. The trustee recorded depreciation expense of $5,250.
5. The trustee paid off all the accounts payable.
6. Estimated uncollectibles on the new accounts receivable were $2,250; the trustee wrote off all the remaining old accounts receivable.
7. The trustee sold all the property and equipment for $43,500.

Required:
A. Prepare journal entries to record the effects of these transactions on the books of both the trustee and Plum Company.
B. Prepare a combining workpaper at the end of the five-month period, October 31, 2012.