Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 25

Marie Hardy's will has the following provisions:
"I leave the cash balance deposited in the First National Bank (up to a total of $50,000) to Jack Abrams.I leave $18,000 cash to Suzanne Benton.I leave 1,000 shares of Coca-Cola Company stock to Cindy Cheng.I leave my house to Dennis Davis.I leave all of my other assets and properties to Wilbur N.Ed."
a.Assume that the estate has the following assets: $41,000 cash in the First National Bank, $16,000 cash in the New Hampshire Savings and Loan, 800 shares of Coca-Cola stock, 1,100 shares of Xerox stock, a house, and other property valued at $13,000, What distributions will be made from this estate
b.Assume that the estate has the following assets: $55,000 cash in the First National Bank, $6,000 cash in the New Hampshire Savings and Loan, 1,200 shares of Coca-Cola stock, 600 shares of Xerox stock, and other property valued at $22,000.What distributions will be made from this estate