- 196 - $65,000 and sold for a price of $zero; (2) a $22,862 long-term capital loss on its investment in 1984 Development, Ltd., partnership interest acquired in 1982 having an adjusted basis of $23,962 and a selling price of $1,000; (3) a $132,013 bad debt; (4) a $1,176,670 loss on business notes. The IRA general ledger for January 1 to December 31, 1987, shows the following transactions with respect to the receivables: Holding Co. Unavailable history $64,000 Assets from Int'l Films ADJ 12 12,743 New balance 76,743 Int'l Films Unavailable history 507,648 Int'l Films/loan 10/20/87 60 Payment from Int'l Films AJE 08 (507,708) New balance 0 HELO Unavailable history 485,825 Sell N/R to MAF ADJ 32 (485,825) Payment from Int'l Films ADJ 08 114,870 Sold to MAF ADJ 09 (114,870) Int'l Films on amts owed ADJ 10 (7,433) MAF purchase HELO N/R (1) Assets from Int'l Films ADJ 12 7,433 ADJ CR ADJ 24 1 New balance 0 Safari Trust Payment from Int'l Films ADJ 08 62,550 Sold to MAF ADJ 09 (62,550) Int'l Films on amts owed ADJ 10 (4,048) Assets from Int'l Films ADJ 12 4,048 New balance 0 CMB Cinema Trust Payment from Int'l Films ADJ 08 44,887 Sold to MAF ADJ 09 (44,887) Int'l Films on amts owed ADJ 10 (2,905) Assets from Int'l Films ADJ 12 2,905 New balance 0Page: Previous 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 Next
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