Jerry Tasch's will has the following provisions:  • $170,000 in cash goes to Thomas Thorne

Jerry Tasch's will has the following provisions: 
• $170,000 in cash goes to Thomas Thorne. • All shares of Coca-Cola go to Cindy Phillips. • Residence goes to Kevin Simmons. • All other estate assets are to be liquidated with the resulting cash going to the First Church of Freedom, Missouri. 
a. Discovered the following assets (at fair value): Cash $ 84,000 Interest receivable 6,400 Life insurance policy 340,000 Residence 240,000 Shares of Coca-Cola Company 54,000 Shares of Polaroid Corporation 114,000 Shares of Ford Motor Company 160,000 
b. Collected interest of $7,800. c. Paid funeral expenses of $24,000. d. Discovered debts of $44,000. e. Located an additional savings account of $16,000. f. Conveyed title to the residence to Kevin Simmons. g. Collected life insurance policy. h. Discovered additional debts of $64,000. Paid debts totaling $108,000. i. Conveyed cash of $170,000 to appropriate beneficiary. j. Sold the shares of Polaroid for $120,000. k. Paid administrative expenses of $14,000. 
Prepare journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 

• 1
• Record property held by Jerry Tasch at death.

• 2
• Record interest collected.

• 3
• Record funeral expenses paid.

• 4
• Record debts discovered.

• 5
• Record assets subsequently discovered.

• 6
• Record conveyance of title to the residence to Kevin Simmons.

• 7
• Record collection of Life insurance policy.

• 8
• Record debts discovered.

• 9
• Record payment of debts of decedents.

• 10
• Record conveyance of cash to Thomas Thorne.

• 11
• Record sale of shares of Polaroid.

• 12
• Record administrative expenses.