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Module 10 Assignment_Nick Miller

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Module 10 Assignment_Nick Miller

Uploaded by

nicholasm456123
Copyright
© © All Rights Reserved
Available Formats
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E 23-4

Melanie Triciao, Testator


Inventory of Estate Assets
As of the Date of Death on August 15, 2013

Cash
Savings Property
Company ViaReggio Common Stock
City of Roman Municipal Bonds
Mercedes Sports Car
Condominium in Italian Riviera
Atlanta Personal Residence
Collection - Rare Hand Puppets
Restored - Model T Ford
Total Fair Value

E 23-9

Journal
Date Account
N/A Cash
Savings Account
Microsystems Common Stock
Big Casino Common Stock
Vintage Sports Car
Mountain Cottage
Personal Residence
Estate Principal

P 23-1

Journal
Date Account
22-Jun Cash
Interest Receivable
Estate Income

24-Jun Cash
Dividend Receivable
30-Jun Repair Expenses
Cash

4-Jul Funeral Expense


Cash

12-Jul Cash
Certificate of Deposit
Estate Income

15-Jul Cash
Certificate of Deposit
Interest Receivable
Stock Investments
Dividend Receivable
Cottage
Car
Estate Principal

20-Jul
Devise - Car - Clark Olson
Devise - Cottage - Kent Olson
Devise - 1/2 Stocks - Clark Olson
Devise - 1/2 Stocks - Kent Olson
Cottage
Car
Common Stocks

21-Jul Devise - Cash Fees - Clark Olson


Devise - Lana Lang
Devise - Church
Devise - Symphony
Cash

21-Jul Distribution to Lois Olson


Cash

22-Jul Estate Income


Funeral Expenses
Repair Expenses
Distribution to Lois Olson
22-Jul Estate Principal
Devise - Car - Clark Olson
Devise - Cottage - Kent Olson
Devise - 1/2 Stocks - Clark Olson
Devise - 1/2 Stocks - Kent Olson
Devise - Cash Fees - Clark Olson
Devise - Lana Lang
Devise - Church
Devise - Symphony

22-Jul Estate Principal (1,802,000 - 305,000 - 535,000)


Cash

Estate of Jimmy Olson


Charge - Discharage Statement
For the Period of Estate Administration, July 15 - July 22
Estate Principal
I charge myself for:
Assets Included in Estate Inventory

I credit myself for:


Devises Paid in Cash To:
Devise - Cash Fees - Clark Olson
Devise - Lana Lang
Devise - Church
Devise - Symphony
Devises Distributed In Kind To:
Clark Olson (230,000 + 35,000)
Kent Olson (230,000 + 40,000)
Transferred to Trust Account for Lois Olson
Cash
Total Estate Principal Discharge

Estate Income
I charge myself for:
Estate Income Received During Estate Administration
I credit myself for:
Funeral Expenses Paid
Cottage Repairs Paid
Payment of Estate Net Income to Lois Olson
Total Estate Income Discharge
Nick Miller
12/20/2024

or
ets
st 15, 2013
Fair Value
$ 118,225
250,000
225,000
412,000
41,000
1,265,500
430,000
85,000
125,000
$ 2,951,725

Debit Credit
218,220
300,000
400,000
120,000
31,000
114,500
457,500
1,641,220

Debit Credit
15,000
5,000
10,000

12,000
12,000
250
250

4,900
4,900

501,300
500,000
1,300

750,000
500,000
5,000
460,000
12,000
40,000
35,000
1,802,000

35,000
40,000
230,000
230,000
40,000
35,000
460,000

5,000
200,000
50,000
50,000
305,000

6,150
6,150

11,300
4,900
250
6,150
840,000
35,000
40,000
230,000
230,000
5,000
200,000
50,000
50,000

962,000
962,000

my Olson
ge Statement
istration, July 15 - July 22

$ 1,802,000

$ 5,000
200,000
50,000
50,000 305,000

265,000
270,000 535,000

962,000
$ 1,802,000

$ 11,300

$ 4,900
250 5,150
6,150
$ 11,300

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