CASH RECEIPTS Stocks and bonds sold 3,341.00 Mortgages realized 4,656.00 Wearing apparel sold 50.00 Dividends collected on stocks and bonds 1,800.00 Interest collected on mortgages 2,400.00 Interest received on deposits in bank 100.00 Real estate sold 1,000.00 Rents collected 720.00 Cash in bank at decease, withdrawn 40.00 --------- 14,107.00 CASH DISBURSEMENTS Funeral expenses 30.00 Expenses of probate 200.00 General legal expenses 400.00 Repairs to building 220.00 Stationery, postage, etc. 10.00 Accountant's fee 80.00 Debts of deceased 500.00 Taxes 800.00 Insurance 10.00 George Williams, Jr., on account of legacy 2,200.00 John Williams, on account of legacy 2,500.00 Fred Williams, on account of legacy 2,220.00 Mary Williams, on account of legacy 3,100.00 George Robinson, on account of legacy 960.00 --------- 13,230.00 ========= The inventory at the date on which they wish to account is as follows: Stocks and bonds $1,000.00 Mortgages 1,280.00 Cash in bank 877.00 Make up summary statement of the Executor's Accounts showing the balance due each legatee. ACCOUNTS WITH TRUST PROVISIONS =8.= In the accounts shown in the preceding illustrations the entire estate is distributed by judicial decree. When all of the property has been distributed, the custodian accounts will have been closed into the personal estate account, which in turn is closed by the distribution of the estate. In many cases the will of the deceased provides that certain beneficiaries shall have a life interest in certain of the assets. Quite frequently the widow is given the income on certain investments which will revert to the estate at her death. This is illustrated in the following example of trust accounts: Edward Brown died on June 15, 1907, leaving a will which elected that after payment of all just and lawful debts the following legacies should be made: