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June 1980. Lawson has an associate's degree in accounting and
business administration and has completed 3 years towards his
bachelor's degree in accounting. Lawson earned from $195 to $225
per week in 1984, $225 per week in 1985, from $245 to $300 per
week in 1986, and from $300 to $500 per week in 1987. He
received more than $6,000 in bonuses from 1984 to 1987. Lawson
became corporate secretary and treasurer for Reaves Livestock
after Wright stopped working there in 1987.
Wright and Lawson were Reaves Livestock's only bookkeepers
during the years in issue. Wright usually arrived at work
between 9:30 a.m. and 11 a.m. and stayed until late in the
evening. Lawson usually arrived about 7:30 a.m. and left between
4 p.m. and 5 p.m.
Wright and Lawson maintained Reaves Livestock's books and
records and knew about all of its transactions. They wrote the
checks, balanced the checking account, reconciled the bank
statements, and made deposits in Reaves Livestock's account.
They wrote 6,000 to 7,000 checks per year. They kept a double
entry set of books; i.e., they posted an entry once as a credit
and once as a debit. They kept journals and ledgers for Reaves
Livestock.
Reaves Livestock had a checking account at Southern National
(Reaves Livestock account) during the years in issue. Mr. and
Mrs. Reaves, Wright, and Lawson were authorized to sign checks on
the Reaves Livestock account. If Mr. Reaves arrived in the
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Last modified: May 25, 2011