Don C. and Judy Montgomery - Page 11

                                       - 11 -                                         

             to deposit this check into the Community Bank account or to              
             apply the proceeds to the automobile loan.                               

             Converted Payments From Trans State Pavers                               
                  During 1988, petitioner signed four checks in the                   
             aggregate amount of $18,033.42 that were drawn on H&B's                  
             First Interstate account and made payable to First                       
             Interstate.  Petitioner used the proceeds of each of these               
             checks to purchase a cashier's check.  These checks and the              
             cashier's checks that were purchased are as follows:                     
                                                          Amount Of                
                  Date         Check No.        Amount     Cashier's Check            
                 11/03/88        1338         $1,534.63      $1,532.63                
                 11/07/88        n/a          6,526.39       6,523.39                 
                 11/09/88        n/a          6,500.00       6,500.00                 
                 12/08/88        1440          3,472.40       3,470.40                
                  Total                      18,033.42      18,026.42                


                  Each of the cashier's checks was made payable to                    
             Jordan                                                                   
             Distributor and lists Trans State as remitter.                           
                  Petitioner purchased three additional cashier's checks              
             payable to Jordan Distributors during 1988 with checks                   
             totaling $17,950 that petitioner drew on H&B's First                     
             Interstate account and made payable to cash.  The amount of              
             these checks and the cashier's checks that were purchased                
             are as follows:                                                          





Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011