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Cash Receipts1
Arcade Food Other Cash
Deposit Day of Bank Game & Pop Receipts
Day Date Business Deposit Income Sales Amount Description
Monday 03/12/87 03/09/87 $375.00 $375.00 --- --- ---
Tuesday 03/12/87 03/10/87 352.00 352.00 --- --- ---
Wednesday 03/16/87 03/11/87 369.00 369.00 --- --- ---
Thursday 03/16/87 03/12/87 393.00 393.00 --- --- ---
Friday 03/16/87 03/13/87 413.14 413.14 --- --- ---
Saturday 03/16/87 03/14/87 400.00 350.00 $50.00 --- ---
Sunday 03/19/87 03/15/87 394.62 394.62 --- --- ---
1 The entries under the "Food & Pop Sales" column of the cash receipts
records appeared each Saturday and generally showed a round figure between $30
and $70. Entries under the "Other Cash Receipts" column appeared infrequently
and generally recorded public telephone commissions or proceeds from the sale
of an arcade game.
The record in this case contains only the “Cash Receipts” records for
1987, 1988, and 1989. Nonetheless, petitioners have stipulated that they
provided similar records to their accountant for each of the years in issue.
The Reconciliation Sheets (which petitioners actually
labeled as “Daily Income Report”) contain the following entries
for the same period:
Daily Income Report [Reconciliation Sheet]
March 1987
Daily Part- Net
Income Deposit Time Income1
Monday, March 9 $558.00 $375.00 --- $183.00
Tuesday, March 10 613.00 352.00 --- 261.00
Wednesday, March 11 577.00 369.00 --- 208.00
Thursday, March 12 609.00 393.00 --- 216.00
Friday, March 13 813.00 413.14 $59.50 340.36
Saturday, March 14 1,174.00 400.00 300.00 474.00
Sunday, March 15 957.62 394.62 --- 563.00
$5,301.62 $2,696.76 $359.50 $2,245.36
1 In some instances, this column was labeled “Net Cash”.
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Last modified: May 25, 2011