- 7 - Sovereigns checks (such as the amount, or category, of the check) written on United Sovereigns' checking account. After May of 1992, Alta issued bookkeeping reports prepared only by Mr. Bajgrowicz. Alta issued the bookkeeping reports only to Mr. Christal. There is no indication that Ms. Menon ever challenged any of United Sovereigns' expenditures. During 1992, the employees of United Sovereigns were Mr. Christal and Jacqueline Johanson (Ms. Johanson). Ms. Johanson was the administrative assistant. In 1992, United Sovereigns paid (as cash disbursements) approximately $4,800 to Mr. Christal and approximately $17,100 to Ms. Johanson. Mr. Christal reported $6,000 in wages from United Sovereigns on his 1992 Form 1040 tax return. In 1992, the only vehicle used for United Sovereigns' business was a 1984 Volvo (the Volvo). Mr. Christal did not provide a mileage log for the use of the Volvo. Amaranth owned the Volvo and a 1989 Dodge Caravan (the Caravan). In 1992, United Sovereigns claimed automobile expenses in the amount of $2,600 representing lease payments made to Amaranth for the Volvo. Amaranth and United Sovereigns, however, did not have a written rental agreement with respect to the lease of the Volvo. On March 16, 1992, Ms. Menon signed United Sovereigns' check 2239 which was payable to Redwood City Dodge in the amount ofPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: May 25, 2011