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1990 Agreed Bank Deposits Plus Cash Expenditures
BANK DEPOSITS $59,083.67
less:
Checks returned insufficient funds (1,773.41)
FUNDS NOT DEPOSITED IN BANK
CASH EXPENDITURES
Savings account deposit 3,050.00
Cash for honeymoon 1,300.00
Car repairs 284.07
Traveler's checks 3,700.00
Corvette 18,203.00
Fantasy tour 7,142.00
Garage and kennel 12,508.00
Alex Montgomery 800.00
Satellite dish 1,995.00
Furniture--Garrett's 2,680.40
Furniture--Jones 629.95
John Deere mower 2,292.15
Stereo equipment 796.75
Jewelry 640.00
RECC--electricity 79.32
Schedule C expenses 2,593.00
TOTAL CASH EXPENDITURES 58,693.64
less:
NONTAXABLE SOURCES OF FUNDS
Federal income tax refund 582.81
Checks to cash 555.00
Fantasy tour refund 1,708.20
Transfer saving to checking 2,600.00
Christmas gift from wife's grandfather 500.00
Wedding gift from wife's grandfather 5,000.00
Other cash wedding gifts 500.00
TOTAL AGREED NONTAXABLE SOURCES 11,446.01
TOTAL AGREED BANK DEPOSITS, CASH EXPENDITURES,
LESS NONTAXABLE SOURCES OF FUNDS 104,557.89
Based on the above stipulation, the correct amounts of
unreported bank deposits and cash expenditures for 1989 and 1990
are $30,763.94 ($46,862.80 less $16,098.86) and $84,948.89
($104,557.89 less $19,609), respectively. The parties have
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