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1989
Date Check No. Amount Memo notation
1/9 839 $1,500 --
2/3 844 1,500 --
2/21 845 1,500 --
3/21 850 1,500 --
4/25 856 1,100 Payroll
Total 7,100
In 1989, Toraya wrote the following checks to cash which
were endorsed by Junichi:
Date Check No. Amount Memo notation
5/15 860 $1,000 Produce
5/31 863 1,000 Sushi bar/food
6/28 865 2,000 Jun Remb Produce
The checks were signed by Nakamura and drawn on Toraya's
bank account. Until Joan left Junichi, Nakamura made the checks
payable to Joan, because the custom in the Takao families was for
the women to handle the money.
On its 1988 and 1989 tax returns, Toraya treated the
payments to Joan and the checks payable to cash and endorsed by
Junichi as purchases in the cost of goods sold section of the
returns.
Toraya's general ledger shows that the 1989 beginning
inventory for the Berkeley restaurant in the amount of $19,917
remained on its records when that restaurant was closed on June
30, 1989. Inventory remaining when the Berkeley restaurant was
closed was transferred to Toraya's Post Street restaurant.
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