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The general ledgers prepared by Mr. Morton include a
liability account entitled “Loans From Shareholders”. The
balance of that account at the end of 1991 through 1994 is
as follows:
1991 $44,326.74
1992 44,326.74
1993 69,910.18
1994 100,228.68
The individual petitioners maintained two joint bank
accounts during the years in issue. One joint account was
at AmSouth Bank of Florida. The aggregate cash deposits,
aggregate noncash deposits, aggregate withdrawals, and the
yearend balance of that account for 1991 through 1994 are
as follows:
Cash Noncash
Year Deposits Deposits Withdrawals Balances
1991 –- –- -- 1 $82,284.35
1992 $40,305 $2,705.02 $55,316.82 69,977.55
1993 27,936 9,872.85 92,533.16 15,253.24
1994 3,200 73,508.80 82,687.85 9,274.19
1 Balance on Jan. 28, 1992.
The other joint account was at First Union National Bank
of Florida, formerly Southeast Bank of West Florida. The
aggregate cash deposits, aggregate noncash deposits,
aggregate withdrawals, and the yearend balance of that
account for 1991 through 1994 are as follows:
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