The trial balance of the Estate of Tom Beresford at April 17, 200X is as follows Debit
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The trial balance of the Estate of Tom Beresford at April 17, 200X is as follows
Debit (Credit)
Principal cash ............$20,750
GM Stock ................$50,000
GMAC Bonds .............$100,000
Interest receivable on bonds ........$2,500
Funeral and administrative expenses ....$6,800
Estate principal ............$(180,050)
Prepare the journal entries on the books of the Estate of Tom Beresford to transfer the assets and close the books on April 17, 200X.
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Related Book For 
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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