M.S. Food Stores, Inc. - Page 14

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            disposition are stated where known:                                                            
                  Date         Amount             Disposition                                              
                  01-18-87     $11,690.38 Paid to FCB                                                      
                  02-17-87     3,000.00 Cashed                                                             
                  03-24-87     5,000.00 Cashed                                                             
                  04-14-87     7,780.00 Paid to Gay Construction Company                                   
                  05-18-87     1,040.00 Paid for rental property repairs                                   
                               1,144.22                                                                    
                               3,806.19 Deposited in Mr. Sutton's NCNB account                             
                               14,610.66 Nationwide Money Market                                           
                               8,746.74 Nationwide Credit Union                                            
                               8,560.38 Deposited in Mr. Sutton's NCNB account                             
                               10,021.27 Deposited in Mr. Sutton's NCNB account                            
                               15,134.11 Deposited in Mr. Sutton's NCNB account                            
                               12,540.54                                                                   
                               16,383.00                                                                   
                               9,114.63 Deposited in Mr. Sutton's NCNB account                             
                               614.37 Cashed                                                               
                  During the years before the Court, the Suttons paid the                                  

            following expenses by check or cash:                                                           
                               Payee or Item                  Amount                                       
                  1986         Parrott Academy                $4,665.87                                    
                               Gay Construction               2,200.00                                     
                               American Express               1,682.50                                     
                               Walnut Creek Country Club      808.08                                       
                               City of Kinston (taxes)        883.47                                       
                               Lenoir County (taxes)          1,045.39                                     
                  1987         1987 Chevy                     $10,515.00                                   
                               22 ft. boat                    22,000.00                                    
                               Ford T-bird                    4,284.00                                     
                               Home improvements              10,502.06                                    
                               Jewelry                        4,206.21                                     
                               Church sign                    7,030.00                                     
                               American Express               8,334.29                                     
                               Parrott Academy                5,738.33                                     
                  1988         Ford Truck                     $11,400.00                                   
                               Items for boat                 4,816.59.                                    
            In 1988, the Suttons traded in the boat they had purchased in                                  

            1987 for one costing $12,688.08; they also received $9,603.10 in                               

            that trade.                                                                                    

            Corporate Accounting and Financial Statements                                                  

                  The handwritten green sheets prepared by Mr. Sutton were the                             







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Last modified: May 25, 2011