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Corporate Finance Assignment/ Professional Essay Writers

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May 27th, 2020

The trial balance of the Estate of Tom Beresford at April 17, 200X is as follows:

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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.  Get FInance Help Today

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