Betty Bloome died on February 28, 20X5. The following trial balance was prepared by the executor of Betty's estate as of October 31, 20X5:

	As to Principal		As to Income
Cash--Principal	$ 75,000
Cash--Income			$21,000
Corporation Stock	150,000
Assets Subsequently
Discovered.		$ 17,000
Loss on Realization of
Principal Assets	3,000
Funeral and Administrative
Expense	9,000
Debts of Decedent Paid	14,000
Legacies Distributed	20,000
Devises Distributed	10,000
Estate Principal		264,000
Expenses Chargeable
Against Income			$ 2,000
Distributions to Income
Beneficiaries			7,000
Estate Income				30,000
	$281,000	$281,000	$30,000	$30,000

Required:

Prepare a charge and discharge statement as of December 31, 20X5.

Answer rating: 100% (QA)

ANE charge and dischange statement as of 3112205 partiaulars Amonts Estate principal Total eharg... View the full answer