Robert G. Bacon and Barbara Bacon - Page 35




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               5 Account No. 600-871255.                                              
               6 Account No. 623503349.                                               
                                   purchase price was paid by check drawn             
                                   on petitioners’ personal checking                  
                                   account at Barnett Bank.  Third, $5,000            
                                   of the purchase price was paid by check            
                                   drawn on petitioners’ personal checking            
                                   account at First Fidelity Bank.  Fourth,           
                                   a $20,000 check purchased from Security            
                                   Savings & Loan, in part with $19,000 in            
                                   cash tendered to the bank by petitioners           
                                   on July 2, 1990, and a $5,000 check,               
                                   drawn on the account of Thomas Begley,             
                                   Jr., Esq., from funds deposited in the             
                                   same account earlier in the year.                  
          7.  407 North Canal St., Mrs. Bacon deposited $35,528 at                    
          Cinnaminson, New Jersey, closing for the property.  The deposit             
          Purchased 10/18/90       consisted of $5,528 in cash and a check            
                                   for $30,000.  The $30,0007 cashier’s               
                                   check was purchased with a check drawn             
                                   on petitioners’ Chemical Bank account.8            
               7 The stipulation incorrectly refers to property located at 417 North  
          Canal Avenue when, in fact, the property is located at 407 North Canal Avenue.
               8 Account No. 00506140-3.                                              

























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Last modified: May 25, 2011