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On March 31, 1983, Grove purchased PECO stock for $5,000 in the
name of David A. Grove, custodian for Francine M. Grove. On
April 5, 1983, Mrs. Grove signed a check from their joint
checking account to Quick & Reilly in the amount of $2,000. On
September 19, 1983, check no. 138, made payable to AT&T, in the
amount of $3,000 was written on the checking account of Alan
Grove and used to purchase AT&T stock in the name of David Grove,
custodian for Jordan Ann Grove.
On June 7, 1983, Grove entered into a contract to purchase a
1983 motor boat and trailer from Jack's Marine for $24,000.
Grove received $9,000 for the trade-in value of his 1977 motor
boat. The remaining balance, after taxes and fees, to be paid
for the new boat was $15,820. Grove made the following cash
payments to Jack's Marine for the new boat:
Date Amount
June 7, 1983 $100
June 13, 1983 4,500
Oct. 10, 1983 8,000
Dec. 19, 1983 1,000
Jan. 4, 1984 1,200
May 14, 1984 1,285
On August 6, 1983, Grove signed a Deposit Receipt and
Agreement of Sale with United Farm Agency to purchase 29 acres in
Bradford County, Pennsylvania, for $18,000. On August 8, 1983, a
$1,800 cash deposit was made into the checking account of Alan
Grove at East Girard Saving Bank. On the same date, check no.
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