- 20 - tioner’s UVW account were the following deposits, which included one check, a portion of which was deposited into that account and a portion of which was negotiated for cash: Amount Date of Amount ofNegotiated Deposit Description and Payor of Item DepositedDeposit for Cash 8/7/92 Check for $7,870 from Amuke Group $7,720 $150 8/28/92 Check for $1,150 from Amuke Group payable15,896 --- to UVW and Bank of America cashier’s check for $14,746 purchased by petitioner and payable to L.F. Banks Co.1 9/11/92 Check for $3,850 from Commonwealth Enter-3,850 --- prises 12/16/92 Check for $10,500 from Commonwealth Enter-10,500 --- prises 1Petitioner purchased the $14,746 cashier’s check by tendering to Bank of America, inter alia, a $3,000 check dated Aug. 27, 1992, from Commonwealth Enterprises payable to petitioner. Included within the total deposits during 1992 and 1993 into petitioner’s equity line account (i.e., payments against the balance due on that account) were the following checks, including one check, a portion of which was deposited into that account (i.e., paid against the balance due on that account) and a portion of which was negotiated for cash:Page: Previous 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Next
Last modified: May 25, 2011